đ Bitcoin's $8.1B Options Expiry: Will Bulls Charge to $70K? đ
- Bitcoin (BTC) faces its second-largest monthly options expiry of 2024, with $8.1 billion on the line.
- Bulls need BTC above $63K to cash in, while bears aim to drag it below $60K.
- Favorable macroeconomic vibes: US and Chinaâs monetary policies boost risk-on assets like Bitcoin.
- Current call options ($4.9B) outshine put options ($3.2B), hinting at bullish sentiment.
- Key price zones: $62K-$64K favors bulls by $1B; $60K-$62K by $550M.
Will BTC bulls ride the wave or will bears spoil the party? Stay tuned! đ§