$BTC
💥 Bitcoin's $15.6 Billion Options Expiry
Bitcoin is facing a huge test tonight with a $15.6 billion options expiry, covering roughly 182,000 BTC contracts. This event is adding intense pressure to the market, with Bitcoin trading around $84,000 after a sharp fall from the $87,000 level. The "max pain" point for this expiry is reported to be $76,000, a level some traders are watching closely as a potential stress point.
#btc
#BTC☀
💥 Bitcoin's $15.6 Billion Options Expiry
Bitcoin is facing a huge test tonight with a $15.6 billion options expiry, covering roughly 182,000 BTC contracts. This event is adding intense pressure to the market, with Bitcoin trading around $84,000 after a sharp fall from the $87,000 level. The "max pain" point for this expiry is reported to be $76,000, a level some traders are watching closely as a potential stress point.
#btc
#BTC☀