Since Bitcoin has risen by 1.29% from June to now, many people might think it's okay to just go sideways. But in fact, a storm may be brewing.
Today, over 3 billion dollars worth of BTC options are expiring! What does this mean? Simply put, it's like a timer that could trigger violent fluctuations in the market at any moment. The current liquidation chart shows that the maximum pain point price is at the 107,000 position. Only if Bitcoin (BTC) stands at this position can it retreat safely from the halfway point, but now Bitcoin (BTC) is only oscillating around 105,000. In terms of capital flow, the total inflow in the past three days is 650 million, all from traditional institutions and spot contrarians. It seems that capital is flowing in, but to achieve a strong rebound for BTC in the short term, it still lacks a bit of momentum. If it cannot quickly rebound above 107,000 in the short term, there may be a downward wave next. $BTC
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Since Bitcoin has risen by 1.29% from June to now, many people might think it's okay to just go sideways. But in fact, a storm may be brewing.
Today, over 3 billion dollars worth of BTC options are expiring! What does this mean? Simply put, it's like a timer that could trigger violent fluctuations in the market at any moment.
The current liquidation chart shows that the maximum pain point price is at the 107,000 position. Only if Bitcoin (BTC) stands at this position can it retreat safely from the halfway point, but now Bitcoin (BTC) is only oscillating around 105,000.
In terms of capital flow, the total inflow in the past three days is 650 million, all from traditional institutions and spot contrarians. It seems that capital is flowing in, but to achieve a strong rebound for BTC in the short term, it still lacks a bit of momentum.
If it cannot quickly rebound above 107,000 in the short term, there may be a downward wave next. $BTC