Will Bitcoin price hold $26K ahead of monthly $3B BTC options expiry?
Bitcoin trading volumes at a five-year low and the S&P 500 reaching its lowest levels in over three months could spell trouble for BTC bulls.
Auto Added by WPeMatico
Bitcoin trading volumes at a five-year low and the S&P 500 reaching its lowest levels in over three months could spell trouble for BTC bulls.
BTC traders fix their eyes on $31,000 even as $2 billion in Bitcoin options are set to expire this Friday.
Bitcoin bears are closing in on a rare win as they have the advantage in this week’s $600 million BTC options' expiry.
News of regulatory enforcement against the crypto sector fell by the wayside as the Bitcoin price rallied above $30,000, and options data suggests the trend will continue.
Fed Chair Jerome Powell announced a pause in interest rates, but Bitcoin options data still warns that a BTC price drop to $25,000 is possible.
Regulatory concerns continue to impact the entire crypto market, and this week’s BTC options expiry could play a decisive role in pushing the Bitcoin price under $26,000.
This week’s BTC options expiry could play a decisive role in Bitcoin price potentially trading below the $26,000 level.
Bitcoin price giving up ground over the past week to slide below $28,000 has put bears in a better position for Friday's expiry.
Weaker U.S. financial system has raised BTC bulls’ odds of profiting $780 million on April 28 options expiry.
BTC price continues to show strength and derivatives data suggests that bulls intend to press Bitcoin higher.