🚀 Hot Bitcoin news! 🚀
- On July 26, $5.5 billion BTC options will expire. Selling pressure from Mt. Gox, Genesis Trading and the German government have put BTC prices under a lot of pressure.
- MT. Gox moved 42,583 BTC, Genesis Trading sold 14,000 BTC, and the German government sold all of its BTC.
- However, BTC ETFs have attracted $2.84 billion since July 5, creating a positive signal for the market.
- Deribit leads with $4 billion in open interest, followed by CME with $800 million, OKX $400 million and Binance $300 million.
- BTC price prediction on July 26: if below $67,000, only $560 million call options will be exercised.
- BTC price scenarios:
- $62,000 - $64,000: Put options win $190 million.
- $64,000 - $66,000: Balanced.
- $66,000 - $67,000: Call options win $260 million.
- $67,000 - $68,000: Call options win $430 million.
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