Bitcoin Faces Potential Drop to $63,000 as $3.9 Billion in Futures Options Expire
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Bitcoin is currently facing potential downward pressure which could cause its price to drop to $63,000. This situation is influenced by the impending expiration of $3.9 billion in Bitcoin futures options on Deribit. Such a significant expiration event can amplify Bitcoin’s maximum resistance, potentially triggering a price decline in the short term.
The expiration of these futures options may lead to increased selling pressure as traders reposition their portfolios. The market's reaction to this large-scale expiration will play a crucial role in determining Bitcoin's near-term price movements.
Source: en.coinotag.com ↗
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