Crypto Express

06/22 03:10

Bitcoin Options set to test $100k support

According to AMBCrypto, derivatives-driven liquidity will test Bitcoin’s $100k support. The $4 billion expiry? It could be just the opening move in a high-stakes volatility cycle.

You see, on the 27th of June, BTC faces a much larger $14.2 billion notional expiry, representing 137K Options contracts, with Max Pain down at $100,000.

Should BTC trade above that level into expiry, it could trigger a cascade of short-covering and dealer hedge unwinds. In turn, fueling a squeeze that accelerates upside momentum into month-end.

Given how Bitcoin’s held up through Q2, there’s a real shot it could break out of its range and start Q3 on a strong note.

But with volatility heating up and fresh liquidity about to hit the market, keeping a close eye on derivatives flow is more important than ever.

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