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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$79,856.00

+0.19%

$79,856.00

+0.19%

(24s)

24h Volume

$6,065,403,295.72

24h H/L

$80,200.00 / $79,442.00

Change: $758.00 (0.95%)

Long/Short

52.8%

Long: 52.8%Short: 47.2%

Funding Rate

+0.0010%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,898.13

▲ 0.30%

Volume (24h): -

Resistance Levels

Resistance 3$88,315.23

Resistance 2$82,683.92

Resistance 1$80,881.43

Price$79,898.13

Support 1$79,635.96

Support 2$76,187.99

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):66.9

Cointelegraph Staff

(03:44 AM UTC)

1 min read

Updated byJames Mitchell

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…

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Source

Cointelegraph Staff · Cointelegraph

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