Bitcoin plummets to 104,800, with a double whammy from futures and options, bulls face a tough battle!
Geopolitical conflicts escalate, and Bitcoin was unexpectedly hammered down to $104,800, briefly falling below the 10-day moving average, showing a clear weakening momentum. The market reacted overnight, erasing $1.1 billion directly, with bulls being the biggest victims.
Today, nearly $3 billion in options are also set to expire, pouring more fuel onto an already turbulent situation.
But don’t panic completely— the 102,000-105,000 range remains a key support level; if the bulls can hold it, there’s still a chance for a comeback. Volatility is about to spike.
