📉 Bitcoin Slides Below $70K Ahead of a Massive Options Expiry
More than $14 billion in Bitcoin options expire today.
According to Deribit, the max-pain level — where most options become worthless — sits at $75,000. 🫨
Big market makers often try to push price toward this zone to reduce payouts, so some upward pressure isn’t impossible.
📰 A Rare Mix of Politics & Crypto
🇺🇸 U.S. President Donald Trump says a potential deal with Iran could ease tensions in the Middle East — something markets are watching closely.
The U.S. Securities and Exchange Commission also faces a deadline today for 91 crypto ETF filings, which could reshape institutional demand.🙏
📊 Price Outlook
$BTC is still holding above a key ascending trendline, keeping the broader trend bullish. A clean break above $71,000 could spark a short squeeze toward the $75K zone, while $69,000 remains the crucial support level.
What do you think? Is Bitcoin gearing up for a move — or bracing for volatility?
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