Bitcoin Price Drops Below $105K Before Big Options Expiry
Bitcoin (BTC) has fallen below $105,000, briefly reaching as low as $104,802 during early trading in Asia. This drop comes just before a large amount of Bitcoin options—worth about $9.83 billion—are set to expire. According to Deribit (a major crypto options exchange), around 92,500 Bitcoin options will expire today. Out of these, about 48,880 are "call options" (bets that the price will go up) and 43,620 are "put options" (bets that the price will go down). The ratio between puts and calls is 0.89, which suggests the market is slightly optimistic. The "Max Pain Price" for today is $100,000. This is the price point where the most traders would lose money. Some market watchers believe sellers might try to push Bitcoin's price closer to that level to increase their own profits. Right now, Bitcoin is trading near $106,105, which is 1.44% lower than it was 24 hours ago. The trading volume has gone up by over 15%, reaching about $58.37 billion. Last week, on May 22, Bitcoin hit a new record high of $111,970, so it's currently down about 5.22% from that peak. Bitcoin has already been under selling pressure recently, and this big options expiry may be adding more downward momentum. When this many options expire at once, it often causes more price swings in the market. Traders who are losing money might try to cut their losses, while others may try to take advantage of the price moves to earn more. Experienced traders often profit from these predictable shifts. Besides Bitcoin, a large number of Ethereum (ETH) options are also expiring today—about 624,000 contracts worth $1.64 billion. Altogether, the value of Bitcoin and Ethereum options expiring today is nearly $11.5 billion, making this one of the biggest expiry events in recent months.
TON Foundation Boosts Global Payments with Former Visa Crypto Leader Big news for Telegram + crypto users! The TON Foundation, the team behind Telegram's blockchain, just welcomed Nikola Plecas, ex-head of crypto at Visa Europe, as VP of Payments.
Here’s what this means for you:
💼 Visa expertise joins $TON With his background in crypto payments and regulation, Plecas is here to make crypto-to-fiat smoother and more secure.
📲 Easier crypto payments in Telegram Soon, you’ll be able to trade Toncoin and make small payments for games and social features in just a few taps.
🌐 Global expansion, real-world use TON’s goal? Go beyond messaging and become a major player in everyday payments, especially in emerging markets.
🤝 Backed by $TON CEO Max Crown (co-founder of MoonPay), this move aims to connect top payment networks and build a crypto system that works for everyone—users, developers, and even banks.
💰 Toncoin is already strong with a $7.5B market cap—and it’s just getting started.
Dubai has taken a new and digital step – now you can buy and sell small portions of real estate using blockchain technology. The Dubai Land Department has partnered with a tech company called Ctrl Alt to launch the "Real Estate Tokenization Project." The goal is to turn real estate into digital tokens, and this entire system will run on the XRP Ledger blockchain. What Does Tokenization Mean? Tokenization means converting a physical property into digital form – for example, dividing one apartment into 100 digital parts. Now, any investor, whether in Dubai or anywhere in the world, can buy a small share (fraction) of a property. Benefits: Anyone can invest in real estate with a small amount of money Transactions will be faster and cheaper The process will be secure and transparent
Why Was the $XRP Ledger Chosen? The XRP Ledger (XRPL) is a well-known blockchain because: It works at high speed Offers low-cost transactions It’s environmentally friendly These features make it perfect for Dubai’s digital real estate project.
What’s Ctrl Alt’s Role? Ctrl Alt is a tech company that builds blockchain and tokenization systems. In this project, they will: Design smart contracts Create secure digital wallets Develop platforms where investors can easily manage their tokens Dubai’s Future – A Digital Economy This project is part of Dubai’s bigger vision to become a global digital hub. With this kind of innovation, not only will local investors benefit, but people from around the world will also be able to invest in Dubai’s real estate market more easily.
Keep eyes on the $PYTH coin, it's traded on all time bottom level and on strong support level, so if it not break current low then may be move in reverse direction ⬆️. Do Your Own Research. it's not financial advice. #Write2Earn
$PEOPLE was reached at it's strong resistance level one day ago, it is expected that $PEOPLE make reverse direction till any Strong support level then it moves again in upward ⬆️ direction. It's not my financial advice. DYOR #Write2earn
Keep eyes on $HIGH coin, it continuously moved in downward ⬇️ direction, there is strong support level between 3.80 to 4, if it break this level next support level is on 3.30. Wait when it reverse back in bullish direction. DYOR #Write2earn
$BNX coin touches the strong support level, it is expected that strong bullish candle with high volume can reverse the direction in upward ⬆️. Do Your Own Research #Write2learn
1D timeframe shows that $ALT coin touch strong support level few days ago and move in the reverse direction means in upward ⬆️ direction. It is expected that soon it start flying 🪽. Currently price is suitable for spot trading. DYOR #Write2earn
$EDU has cross the trend 📈 line in 1D time frame, after the next day strong bullish 🐂 candle expected to move the price in upward ⬆️ direction. it's not my financial advice. DYOR #Write2earn
On the 10th March 2024 the $PORTAL coin price was 2.80, but after this it continuously move in the downward ⬇️ direction. From last 10 days it moves in consolidated range, so it expected that soon it moves in reverse direction. This is not my financial advice, just share my thoughts. DYOR #Write2earn
CHR is near to touching trend lines 📈, wait when it break the trend line with strong 🐂 bullish green candle along with an other bullish candle for confirmation then it moves in upward ⬆️ direction. #Write2earn
Keep eyes on HBAR, 4H TF shows in squeeze, it's near to burst, if it break lower bound with confirmation cand then it further goes down, suitable for the short position ⬇️ and if it breaks upper bound with next confirmation candle then it moves in upward direction ⬆️, suitable for long position. #Write2Earns