Guys, this is a huge week.
FOMC tomorrow night, PCE inflation data forecast at 3.7% on Thursday, and $11 billion in BTC options expire on Friday.
Let’s focus on those options—$10.97 billion worth of BTC options on Deribit expire this Friday, representing 35% of all open interest. It’s the biggest expiry event of the year.
What does that mean? Ahead of expiry, market makers may try to push the price toward the strike price that benefits them most. It’s at $81,000 now, with max pain around $80,000. In other words, market makers will probably keep the price pinned around $80,000 and let it chop around until expiry.
I think if tomorrow night’s FOMC comes across as hawkish, Bitcoin could drop first and then rebound. Let’s see what that old guy Warsh has to say. This kind of market really tests your nerves.
#本周将公布10月FOMC利率决议 #SK海力士Q3财报在即 , Can HBM4 boost earnings? #美伊讨论霍尔木兹开放方案 , Oil prices retreat $BTC $ETH $ZEC
FOMC tomorrow night, PCE inflation data forecast at 3.7% on Thursday, and $11 billion in BTC options expire on Friday.
Let’s focus on those options—$10.97 billion worth of BTC options on Deribit expire this Friday, representing 35% of all open interest. It’s the biggest expiry event of the year.
What does that mean? Ahead of expiry, market makers may try to push the price toward the strike price that benefits them most. It’s at $81,000 now, with max pain around $80,000. In other words, market makers will probably keep the price pinned around $80,000 and let it chop around until expiry.
I think if tomorrow night’s FOMC comes across as hawkish, Bitcoin could drop first and then rebound. Let’s see what that old guy Warsh has to say. This kind of market really tests your nerves.
#本周将公布10月FOMC利率决议 #SK海力士Q3财报在即 , Can HBM4 boost earnings? #美伊讨论霍尔木兹开放方案 , Oil prices retreat $BTC $ETH $ZEC
