More than $9.25 billion in Bitcoin options expire on June 28, marking a pivotal moment at the close of the first half of 2024. This event is significant not only for the cryptocurrency market, but also for the global financial sector. The recent pressure on Bitcoin has benefited bears, with additional concerns over NVidia, which has seen declines from its all-time highs. Bullish Bitcoin investors see opportunities in weak macroeconomic data, which could prompt new stimulus policies from the Federal Reserve and the US Treasury Department. With various players dominating the options market, the community hopes to maintain support key of $60,000 before expiration. Remember that investing carries risks, and every decision should be based on careful research.
