Since Bitcoin started the go long trend on the 16th, it has been steadily holding at the defense line of $84,000, while the upper target points to the main gathering area for short positions at $96,000-$106,000. However, it is worth noting that at the resistance level of $88,700, the price has tested multiple times but has not been able to effectively break through, and there are no signs of breaking the support at $84,000 below, currently maintaining a volatile state.
More importantly, the $23.6 billion Bitcoin options are set to expire this Friday. From the options layout, the bullish positions are concentrated at $100,000 and $120,000, while the bearish positions are dense around $85,000. The maximum pain point for this round of expiration is at $96,000, setting a historical high for Bitcoin options, and whether the subsequent market can exhibit a clear structure is highly anticipated.
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Layer2Arbitrageur
· 9h ago
honestly, that 236B options expiry on friday is where the real math happens. everyone's eyeballing 96k but nobody's actually modeling the MEV extraction potential across the liquidation cascade lmao
Reply0
NervousFingers
· 9h ago
How many times has this position at 88700 been stuck? It feels like just an adhesive...
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With 23.6 billion in Options expiring on Friday, is 96000 the pain point? This is getting interesting; can the short positions really hold so many chips at 85000?
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It's both fluctuating and testing; I just want to hear a straightforward answer: will it break the new high this week?
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The pain point at 96000 indicates what... Do big institutions want to push up early? Or are they just waiting to Be Played for Suckers?
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Is the line at 84000 really that strong? It feels like it could drop at any moment.
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Looking at the Options layout, you can guess the upcoming script; with so many people betting on bullish at 100000 and 120000, aren't they afraid of a Plummet?
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They're starting to talk about a clear structure again; I'm tired of hearing that. Can we just say directly if it's going to rise or fall?
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MEVHunterX
· 9h ago
The position at 88700 is really stuck tight, it has been so many rounds and still can't break through, it feels like being trapped.
96000 is the real key, waiting for the Delivery drama on Friday.
With the 23.6 billion scale of Options, it's really interesting to see the bears lurking at 85000 for so long.
What are the long positions at 100k and 120k doing, why haven't they come up to take it yet?
We'll see the outcome on Friday, anything said now is pointless.
Since Bitcoin started the go long trend on the 16th, it has been steadily holding at the defense line of $84,000, while the upper target points to the main gathering area for short positions at $96,000-$106,000. However, it is worth noting that at the resistance level of $88,700, the price has tested multiple times but has not been able to effectively break through, and there are no signs of breaking the support at $84,000 below, currently maintaining a volatile state.
More importantly, the $23.6 billion Bitcoin options are set to expire this Friday. From the options layout, the bullish positions are concentrated at $100,000 and $120,000, while the bearish positions are dense around $85,000. The maximum pain point for this round of expiration is at $96,000, setting a historical high for Bitcoin options, and whether the subsequent market can exhibit a clear structure is highly anticipated.