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via Cointelegraph · By Cointelegraph Staff

Bitcoin’s Next Correction May Be Linked To $9B Options Expiry

BTC

BTC/USDT

$64,377.29

+0.23%

$64,377.29

+0.23%

(24s)

24h Volume

$18,392,419,157.53

24h H/L

$65,622.83 / $63,270.00

Change: $2,352.83 (3.72%)

Long/Short

62.4%

Long: 62.4%Short: 37.6%

Funding Rate

+0.0034%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,337.26

▲ 1.62%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$66,797.85

Resistance 1$64,755.36

Price$64,337.26

Support 1$63,269.07

Support 2$61,834.89

Support 3$59,130.91

Pivot (PP):$64,424.03

Trend:Downtrend

RSI (14):42.2

Cointelegraph Staff

(03:44 AM UTC)

1 min read

Updated byJames Mitchell

1428 views

0 comments

Key takeaways:

Bears gained a major edge ahead of Friday's $9 billion options expiry, especially if Bitcoin price stays below $74,000.
Spot Bitcoin ETF outflows and corporate BTC balance reductions fueled market pessimism.

Bitcoin (BTC) retested the $72,500 level for the first time in six weeks on Thursday, triggering $342 million in liquidations for bullish leveraged positions. Despite a subsequent…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Cointelegraph Staff · Cointelegraph

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