🚨🚨 Bitcoin Bears Aim for Sub-$75,000 to Limit Losses Ahead of Year-End Expiry 🚨🚨
Outlined below are five potential scenarios based on current Bitcoin price trends. The imbalances on each side suggest the theoretical profit, though these estimates do not account for complex trading strategies, as no straightforward method exists to measure their impact fully.
1. Between $72,000 and $75,000: $1.4 billion in call (buy) options vs. $470 million in puts, favoring calls by $930 million.
2. Between $75,000 and $80,000: $1.85 billion in calls vs. $270 million in puts, giving a $1.58 billion advantage to calls.
3. Between $80,000 and $85,000: $2.74 billion in calls vs. $130 million in puts, favoring calls by $2.61 billion.
4. Between $85,000 and $90,000: $3.38 billion in calls vs. $96 million in puts, with calls leading by $3.28 billion.
5. Between $90,000 and $100,000: $4.52 billion in calls vs. $74 million in puts, favoring calls by $4.45 billion.
To avoid a significant setback in the year-end options expiry, bearish investors would need to push Bitcoin’s price down to approximately $74,500. Meanwhile, bullish investors could maximize gains if BTC rises to $90,500 by December 27. Overall, the current options market data suggests continued bullish momentum for Bitcoin as it heads into early 2025.