Price Prediction
Bitcoin Price Faces Another Test
Bitcoin Price Faces Another Test as $10.9B Deribit Options Expire Today. 135,000 BTC in options contracts worth $10.9 billion are set to expire on Deribit, potentially impacting market volatility. The current max pain price is at $78,000, aligning with Bitcoin's spot price, which has recently fluctuated around this level after a significant hack on Binance. Market analysis indicates a trend of heavier put buying for the next expiry, suggesting traders are seeking downside protection, with expected trading ranges for today between $77,600 and $82,400.