Bitcoin’s upcoming $10.5B options expiry may end bear market: Here’s how

💡 DMK Insight

With $10.5 billion in Bitcoin options set to expire Friday, traders need to watch for volatility spikes. The sheer size of this expiry could influence price action significantly, especially if large positions are set to roll off. If the bulls have built up enough open interest, we might see a push towards resistance levels. Conversely, if bears dominate, a drop below key support could trigger cascading sell-offs. Look for signs of positioning in the lead-up to the expiry; the sentiment could shift dramatically based on how traders react to these levels. Pay attention to the open interest data leading up to the expiry, as it can provide insights into market sentiment and potential price movements. Here’s the thing: while many are focused on the expiry, the real story could be how it affects the broader crypto market. If Bitcoin sees significant movement, altcoins often follow suit, so keep an eye on correlated assets like Ethereum. The next few days could set the tone for the month ahead, making it crucial to monitor these developments closely.