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Bearish
Hold or close #Bitcoin_Coneference_2024 $BTC
Hold or close
#Bitcoin_Coneference_2024
$BTC
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Nouman1290
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Hold or close?? #TAOTrading
Hold or close??
#TAOTrading
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ThanksgivingBTCMoves
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3,874 Posts
This Friday Could Change Everything for Bitcoin – Here’s Why A pivotal moment is approaching for Bitcoin as BTC options worth $13.6 billion are set to expire on November 29, creating significant market volatility. Bulls aim to push Bitcoin’s price above the iconic $100,000 mark, leveraging their dominance over call options. Currently, call options (buy) outweigh put options (sell) with an open interest of $7.4 billion versus $6.2 billion, presenting an opportunity for optimistic investors. Potential outcomes based on the closing price include: • $86,000-$90,000: $1.65 billion gain for call options. • $90,000-$94,000: $2.6 billion advantage for buyers. • $94,000-$98,000: $3.55 billion gain. • $98,000-$102,000: Bulls could secure $4.58 billion. While bears will attempt to keep BTC below $90,000, its 34% rise in 30 days gives bulls the edge. Reaching $100,000 depends on key factors: • 20% of call options ($4.25 billion) target $100,000. • Put options above $100,000 are negligible, totaling just $80 million. • Macro pressures and inflation concerns could bolster BTC as a safe haven. Bitcoin’s resilience, coupled with strong market dynamics, positions it for a historic milestone. #ThanksgivingBTCMoves $BTC
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