$BTC Billion-Dollar Options Storm Hits, 84000 Determines Longs and Shorts’ Fate
BTC is currently at 84265.2. Over the past 24 hours, it traded in a range of 82874.5~84944.4. After pushing higher and touching 84888, it met resistance and pulled back. In the short term, the market is now entering a choppy washout phase.
Price is below the Bollinger middle band. KD is weakening and the MACD green histogram continues. Although there is some pullback momentum in the short run, the larger-timeframe long-term base remains firmly in place. This is simply a routine turnover during the upswing.
Deribit’s major $16 billion BTC options are set to expire soon. The market makers’ hedging game will inevitably sharply amplify short-term volatility.
$BTC
#比特币本周回落至约84600美元
BTC is currently at 84265.2. Over the past 24 hours, it traded in a range of 82874.5~84944.4. After pushing higher and touching 84888, it met resistance and pulled back. In the short term, the market is now entering a choppy washout phase.
Price is below the Bollinger middle band. KD is weakening and the MACD green histogram continues. Although there is some pullback momentum in the short run, the larger-timeframe long-term base remains firmly in place. This is simply a routine turnover during the upswing.
Deribit’s major $16 billion BTC options are set to expire soon. The market makers’ hedging game will inevitably sharply amplify short-term volatility.
$BTC
#比特币本周回落至约84600美元