$BTC
The nominal value of US$1.8 billion $BTC and US$460 million ETH options contracts will expire and be delivered today. ——The expiration and delivery of options may trigger the settlement activities of a large number of option contracts, causing short-term price fluctuations. It also means that a large number of investors’ bets on Bitcoin and Ethereum will be resolved today.
In terms of the liquidation map, it can be clearly seen that as the market declines, the long leverage is almost completely consumed, while the current maximum liquidation intensity of the short leverage is around 97600 - beware of a market reversal and harvest short positions in the opposite direction.
In terms of the k-line, it is expected to close the negative line this week. It has already swallowed up last week's weekly line, which is a weak callback in the short term. This position has been oscillating back and forth for three consecutive weeks to wash the market. It has once again reached the support area of 92000, which has been repeatedly tested before. Combined with the fibo support of 0.382, the effectiveness of the support at this position will determine the subsequent midline trend market.