The Weakness of Bitcoin: A Drop towards the ***

USD?

Bitcoin has shown signs of weakness by falling below $107K, raising concerns among investors about a potential drop to $100,000 in the next 48 hours. This situation is exacerbated by the expiration of trillions of dollars in Bitcoin options scheduled for tomorrow, Friday.

Expiration of Options: A Key Event

Tomorrow, options worth $BTC and $ETH are expected to expire for more than $2.85 billion on the Deribit platform. Of this amount, $2.54 billion corresponds to Bitcoin options, with a maximum pain point at $90,000 and a put/call ratio of 0.95. This suggests that traders are divided in their expectations regarding the future price of Bitcoin ¹.

Market Analysis

Currently, Bitcoin is trading around $106,198, with a decline of 0.88% in the last hours. Despite this weakness, some analysts predict that Bitcoin could hold or exceed $110,000 in the short term, supported by increasing institutional interest and favorable macroeconomic conditions ² ³.

*Expectations for the Future*

While some traders show long-term optimism, with expectations of prices above $120,000, others warn of the possibility of volatility due to the expiration of options. In this context, it will be crucial to monitor market behavior in the coming hours to determine if Bitcoin will manage to maintain its stability or fall towards $100,000.