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#CyberConnect A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
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ThanksgivingBTCMoves
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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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