🚨$BTC

Bitcoin Options Expiry: Bulls Poised for $70K Push?

💸 $8.1 billion in Bitcoin options are set to expire this month, potentially fueling a rally to $70,000. The current macroeconomic environment favors risk-on assets, with China's central bank injecting liquidity and the US pursuing accommodative monetary policies. These factors are creating a bullish sentiment for Bitcoin.

❓ Options traders are showing optimism, with call options outweighing put options. The $63,000 level is crucial, and bulls have a strong incentive to keep Bitcoin above this price. Bears, however, are under pressure to push the price below $60,000 to avoid a scenario where call options benefit by $550 million.

This content should not be considered as financial advice.

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