Community Articles

via Cointelegraph · By Cointelegraph Staff

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

BTC

BTC/USDT

$84,286.00

-0.06%

$84,286.00

-0.06%

(24s)

24h Volume

$15,185,145,507.35

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.3%

Long: 58.3%Short: 41.7%

Funding Rate

+0.0008%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,056.77

▼ -0.05%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,123.41

Price$84,056.77

Support 1$84,021.79

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):64.1

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…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

Cointelegraph Staff · Cointelegraph

Read original →

Live BTC price →More BTC news →

Comments