đšđłđł$8.1B Bitcoin Options Expiry: Will Bulls Drive a Rally to $70K or Will Bears Trigger a Market Crash?đłđš
The suspense surrounding Bitcoinâs $8.1 billion options expiry this month is intenseâwill bulls or bears emerge victorious? With the expiry looming, traders are wondering if Bitcoin will rally toward $70,000 or face a sharp correction. The macroeconomic backdrop certainly favors risk-on assets like Bitcoin, but with bears eyeing the $60,000 mark, the market remains on edge.
The key question: can Bitcoin maintain its strength above $63,000 until the options expiry on Sept. 27, or will the bearish forces pull it back below crucial levels? The current positioning in the options market shows $4.9 billion in call options (bullish) outpacing the $3.2 billion in put options (bearish), but not all bets are realistic. Over half of the bullish call options are set at $70,000 or higherâan ambitious target with only days left.
As the expiry date nears, the battle between bullish optimism and bearish caution intensifies, leaving traders to wonder which side will seize control in this high-stakes market showdown.
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