$10.8B in Bitcoin options expire this week: Will bulls chase $95K after expiry?

💡 DMK Insight

Bitcoin’s options market is leaning bearish with $10.8 billion on the line, and here’s why that matters: With bearish bets dominating, traders should be wary of a potential downside if bulls can’t push above $90,000 before expiration. This level is crucial; a breakout could shift sentiment, but failing to breach it might lead to increased selling pressure. The current options positioning suggests that many traders are hedging against a drop, which could amplify volatility as we approach the expiry. If Bitcoin stays below this key level, expect a cascade of sell-offs, especially from those holding short positions. Keep an eye on the daily chart for any signs of reversal or continued weakness. On the flip side, if bulls manage to reclaim $90,000, it could trigger a short squeeze, leading to a rapid price increase as bearish positions are unwound. Watch for volume spikes around this level, as they could signal a shift in momentum. Overall, the market’s current sentiment is fragile, and traders should prepare for potential swings in either direction.