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via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$63,021.98

+0.03%

$63,021.98

+0.03%

(24s)

24h Volume

$2,149,268,661.86

24h H/L

$63,175.00 / $62,968.45

Change: $206.55 (0.33%)

Long/Short

67.9%

Long: 67.9%Short: 32.1%

Funding Rate

+0.0034%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,005.96

▼ -0.13%

Volume (24h): -

Resistance Levels

Resistance 3$64,507.45

Resistance 2$63,879.31

Resistance 1$63,135.87

Price$63,005.96

Support 1$62,882.63

Support 2$61,814.38

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):42.7

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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