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.