$BTC Bitcoin Price Surge Liquidates Bears – $102K Could Trigger Massive Rally

A staggering 97% of the $8.3 billion in Bitcoin put options are set to expire worthless if BTC holds above $102,000 a level that’s now within striking distance.

On May 8, Bitcoin surged past $101,000, marking its highest price in over three months. The 4.6% daily gain wiped out $205 million in bearish futures positions, fueling speculation about an imminent breakout.

Analysts believe that if BTC climbs above $105,000, a wave of short covering could propel the price toward new all-time highs, with $109,354 as the next key target.