Bitcoin is still going strong at around eighty eight thousand dollars. There is a change coming up with twenty eight point five billion dollars in options that are about to expire. This is getting ready for a move in Bitcoin. Bitcoin is looking pretty steady now and people are waiting to see what happens next with Bitcoin. The expiration of these options is a deal, for Bitcoin and it will be interesting to see how Bitcoin does after this happens 🚀
The price of Bitcoin is staying pretty stable at around $88,000. This is happening because traders are getting ready for something. There is an expiry of options for Bitcoin and Ethereum on Deribit that is coming up. It is really big. We are talking about $28.5 billion of Bitcoin and Ethereum options. When this happens it usually causes some changes, in the market. The Bitcoin and Ethereum options expiry is an event that can really affect the market.
Things can change quickly. If we look at the data from on-chain and derivatives it seems like people are thinking carefully about their next moves instead of selling everything because they are scared. Big players are still buying Bitcoin, which means they think Bitcoin will do well by 2026. This is happening even though the price of Bitcoin is staying steady, between $85,000 and $90,000.
The options market is showing a lot of interest at levels. People are still buying calls that will do well if the price goes up. They are hoping it will go to $100K or more. This has been going on for a time. In the past when we had expirations like this it was like a reset button. It got rid of leverage and made it possible for the price to go up again. The options market is really focused on $100K+. People are waiting to see what happens next, with the options market and the $100K+ target.
So what is happening now is that stocks related to cryptocurrencies and miners that use Artificial Intelligence are still doing well. This shows that big institutions are getting more into this space and people are putting their money into assets, like cryptocurrencies. Stocks of companies that deal with cryptocurrencies and miners that use Artificial Intelligence are really strong.
The market is getting ready, for its big move because the leverage is going away and the volatility is getting smaller. This means the market could be about to make a jump. The next surge of the market is what we are waiting for.
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