A massive weekly Bitcoin options contract worth $8.5 billion (109,000 BTC) is due to expire this Friday at 11:00 AM Mecca time on the Deribit platform.
The maximum liquidation limit is $72,000 with a buy-sell ratio of 0.91.
The current price is hovering around $76,000.
We are facing a potential price drop to the liquidation zone of $71,000-$72,000.
Long-term investors accumulated 303,000 BTC during the month, compared to the sale of 290,000 by speculators, with MicroStrategy buying around 53,000 Bitcoin.
Over the past 10 years, more than $17 billion has been lost due to 518 cryptocurrency hacks! 🤯
That's a truly terrifying number, one that makes you stop and think twice about how you're protecting your assets.
👀 These numbers aren't just statistics; they're harsh lessons paid for by people like us in a field that's still in its infancy and full of risks.
With the rapid development of artificial intelligence, project teams must build with greater caution and security, and investors must arm themselves with awareness and not chase the dream of quick riches that often end in regret.
A word of advice:
Don't let these numbers discourage you or put you off...
The market is maturing, and the systems are getting stronger every day.
Always remember that your awareness and knowledge are the strongest shield you can use to protect yourself.
🛡️ Be careful, invest your mind before your money, and the future is brighter, God willing.
Shocking figures: Andrew Tate will lose $700,000 in 2025… and this is his true success rate.
One of the strange things about the cryptocurrency market is that whenever the market rises slightly, there are more breakouts here and there, but most likely many of these are artificial operations to offload shares and accumulate liquidity.
Around 50 million Americans own Bitcoin compared to 37 million who own gold. 👀 💡 Bitcoin is nearing becoming a new reserve asset. It seems the Bitcoin cycle has deviated from expectations. The peak of the cycle was lower than everyone anticipated 👀 while the trough was higher than everyone anticipated 📈 Has the market become more mature… and less volatile? Bitcoin options contracts worth $9 billion are set to expire on April 24th (next Friday). The Max Pain level is at $71,000 with a 90% probability; this level will be tested next week, potentially leading to the contracts expiring with significant losses. Bitcoin spot ETFs see inflows of +8,840 BTC. That's nearly $663 million in a single day, the largest inflow since January. Institutional demand is back.
Join my chatroom 🧞 Click & Win 🚴 Support me.. $BTC #CryptoNewss #Write2Earn
After the announcement of an agreement and the reopening of the Strait of Hormuz, oil prices fell, creating a significant drop.
This encouraged liquidity to flow into other markets, including crypto, which saw a rise and a nice boost.
Today, global news confirmed that the Strait of Hormuz has closed again, causing a slight upward movement in oil prices and reducing the upward momentum in other markets, while Bitcoin declined.
It's important to remember that this change is happening during a market holiday.
So, what might happen when the market reopens?
In short, with the continued closure of the Strait of Hormuz and ongoing political news, we will likely see market volatility, with oil prices rising and global markets and crypto continuing to decline.
As for whether we could see Bitcoin at $83,000, the answer is yes, provided it remains above the support level of $74,490.
If you have any questions, contact me privately 🚴 @Mohamed Manae