BREAKING:$BTC $6 Billion in Bitcoin Options Will Be Expiring Tomorrow Tomorrow morning, a large batch of Bitcoin options contracts will expire. The total value of these contracts is about $6.3 to $6.4 billion. An option is a contract that lets someone bet on Bitcoin’s future price. > A call option is a bet that Bitcoin’s price will go up. > A put option is a bet that Bitcoin’s price will go down. These contracts expire at 4:00 AM Eastern Time on Friday. After that time, they settle and no longer stay open. Bitcoin recently jumped from around $60,000–$65,000 toward $80,000. Because of that rally, many put options (the bets that price would fall) are now losing bets. Those bearish positions are mostly underwater.
A lot of the remaining call options are clustered around $75,000 and $80,000. That is why traders watch those price levels closely around expiry. This does not automatically force Bitcoin up or down. But when so many contracts expire at once, short-term price swings can get bigger as traders close or roll their positions. A large options event arriving right after Bitcoin’s strong rebound. #SOLJumps20%OnTheWeek #btc70k #Write2Earn
*HOLD karo if:* 1. *You are a long-term believer* - $BTC C is still around the $80K mark. The macro environment is strong 2. *You want to buy dips* - The $78K support looks good 3. *Don’t panic* - This is normal consolidation
*SELL / book profits if:* 1. *You’re a short-term trader* - There is resistance at $81.4K. Rejection may come from there 2. *You want to reduce risk* - Crypto is volatile. Take out some profits 3. *Your target is hit* - Follow your plan, don’t chase FOMO
*My take:* The trend is bullish for now as long as we don’t close below $78,920. For a big move, a $80K break is necessary.
*Disclaimer: This is not financial advice. Please do your own research.*
### *Today's Trend (Aaj ka trend):* Bitcoin is consolidating around the $80,000 level. Earlier, it tried to break $80,000 a few times. Now, analysts say that in the short term, you should watch the $73,000 - $80,000 range. Volume is a bit low, so you’re also seeing profit booking. 28c9b312
*Note*: Crypto is highly volatile. The price changes every minute. Before investing, do your own research #BTC #bitcoin #VIC #ETH