$BTC $ETH $SOL — $2.65B in Bitcoin options expire TODAY
Bitcoin fell to $75,369 on 6 Nov — its lowest in 7 weeks — after the Nasdaq dropped 5.52% on 5 Nov.
$1.08B in crypto positions were liquidated in 24 hours, and 88% of them were longs.
Today at 08:00 UTC, $2.65B of BTC options expire on Deribit. Max pain sits at $79,000.
BTC: ~$76,100, -5.6% in 24h (6 Nov). ETH ~$2,240, -8.5%. SOL ~$89, -6.7%.
Two ways this could go: if BTC holds above $75,000, the selling may slow. If it breaks below, the slide could extend. Tonight's US jobs report at 18:30 PKT is the next test.
What are you watching today — the options expiry or the jobs report?
Follow for daily crypto updates.
Not financial advice.
Bitcoin fell to $75,369 on 6 Nov — its lowest in 7 weeks — after the Nasdaq dropped 5.52% on 5 Nov.
$1.08B in crypto positions were liquidated in 24 hours, and 88% of them were longs.
Today at 08:00 UTC, $2.65B of BTC options expire on Deribit. Max pain sits at $79,000.
BTC: ~$76,100, -5.6% in 24h (6 Nov). ETH ~$2,240, -8.5%. SOL ~$89, -6.7%.
Two ways this could go: if BTC holds above $75,000, the selling may slow. If it breaks below, the slide could extend. Tonight's US jobs report at 18:30 PKT is the next test.
What are you watching today — the options expiry or the jobs report?
Follow for daily crypto updates.
Not financial advice.
