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This Friday, Everything Could Change for Bitcoin – Here’s Why

Pay attention to BTC option expiration: The BTC option expiration event this month is seen as the biggest of 2024, with a total of 13.6 billion USD at stake, primarily in call options, creating notable market pressure.

Differing bet prices and profits: The closing price can impact profits, ranging from 1.65 billion USD to 4.58 billion USD depending on different price ranges.

Selling pressure: Sellers need to keep BTC below 90,000 USD, but with a 34% increase in the last 30 days, the chances of reaching 100,000 USD are rising.

Factors affecting Bitcoin: Other factors like 20% of call options targeting the 100,000 USD price and macroeconomic pressures could reinforce Bitcoin’s position.

This is community-generated content, not advice from ONUS.
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