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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$64,505.99

+0.55%

$64,505.99

+0.55%

(24s)

24h Volume

$4,487,400,273.96

24h H/L

$64,599.95 / $63,810.00

Change: $789.95 (1.24%)

Long/Short

65.5%

Long: 65.5%Short: 34.5%

Funding Rate

+0.0001%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,512.08

▲ 0.21%

Volume (24h): -

Resistance Levels

Resistance 3$70,467.59

Resistance 2$66,379.48

Resistance 1$64,562.78

Price$64,512.08

Support 1$64,050.00

Support 2$62,909.86

Support 3$61,544.56

Pivot (PP):$64,220.09

Trend:Uptrend

RSI (14):51.3

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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