Bitcoin wobbles at $92K as trader eyes end to 'manipulative' BTC price dip🩸
Bitcoin BTCUSD battled stubborn horizontal resistance Friday with $94,000 next on bulls' radar.
🎯Key points:
Bitcoin keeps up pressure on familiar resistance levels as optimism over market strength increases.
The recent pullback was the result of "manipulative" forces, analysis says✅.
Gold on the way to new all-time highs is an "extremely bearish" macro headwind for Bitcoin.
BTC price: Days or weeks until "upwards breakout"
Data showed wavering BTC price action after a trip to $95,500 the day prior.
"This is extremely bearish for Bitcoin. We need the metals to calm down before the crypto bull run can begin."
⚠️This post does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
A massive options expiry like $4.5 billion in Bitcoin (BTC) and Ethereum (ETH) options can introduce significant volatility. Here’s what this typically means and why markets pay attention:
🚨 What’s Happening
Options worth ~$4.5B are expiring, meaning traders must decide whether to exercise, roll over, or let contracts lapse.
These expiries often occur on the last Friday of the month, when open interest is highest.
📊 Why It Matters
Large expiries can impact price because:
Max Pain Levels — Market makers may hedge around “max pain,” the strike price where option buyers lose the most.
Imbalance between calls and puts — A high put–call imbalance can indicate market bias (bearish or bullish).