🚀 Bitcoin enthusiasts, get ready for a thrilling ride! As 29,000 BTC options contracts, valued at $2.84 billion, expire today, the crypto market is buzzing with excitement. While this expiry is smaller than last week's, Bitcoin's spot price recently soared to an all-time high of $99,000! 📈
With a put/call ratio of 1.1, the market shows a rare tilt towards short positions. Yet, the max pain point is at $86,000, suggesting potential volatility ahead. Open interest peaks at the $100,000 strike, indicating strong market interest.
As Bitcoin leads the charge, the crypto market's optimism remains high, fueled by favorable factors like ETF inflows. Stay tuned for more BTC action! 🌟