Bitcoin’s $2 Billion Options Expiry: A Look at Potential Support and Market Impact ⚠️
#BTC traders are focused on the $31,000 price level with a $2 billion Bitcoin #options expiry on July 28. The recent interest rate increase by the U.S. Federal Reserve affected risk-on assets like cryptocurrencies, but Bitcoin bulls believe its impact takes time.
Previous monthly expiries caused rallies and corrections. Bulls have regulatory and ETF momentum, with major fund managers requesting spot Bitcoin #ETFs , and U.S. House bills aiming to clarify distinctions between securities and digital commodities.
Positive corporate earnings and consumer confidence data support bullish momentum, indicating a reduced recession risk in the short term.
