The true market makers: BTC options contracts that operate from Monday to Friday with closing at 8:00 p.m. (CET). These are the big players in the market.

The data for today May 23, 2024 is these: (metrics below)

Although most Calls (purchases) are between 70 and 71k, there is a very interesting one at 68000 (oh, surprise!!).

69000k is the maximum pain price, which means most contracts expire worthless.

How do you know in which direction to trade according to this market? And here comes the bad news: you don't know. Only those who have previously prepared their strategy to win know it. Sometimes the bulls win and other times the bears win... or maybe they take turns, who knows.

What does seem clear is that, with all the positive news this week, the only thing they have managed to do is trap everyone in losing trades, since the majority of liquidations are LONG... positive news is always bullish, right? ? It was a trap.

Yes, it's true, I go ahead to say that yes, BTC needed a correction and also that it will "naturally" look for areas of liquidity... and that the world is full of coincidences and good intentions.

Good luck to you all.