📉 The "judgment day" for Bitcoin is approaching: $20 billion in options contracts expiring on Friday!
Traders are closely watching as $32,556,554,866 in June options contracts worth $20 billion are set to expire, with the current price hovering around $107,000.
$86,904,705,413
👉 Bulls are in the lead:
$11.2 billion in call options
Compared to $8.8 billion in put options
Of which, the majority of put orders are placed at or below $101,000
📌 If the price stays above $106,000, the bulls will "eat" theoretical advantages of over $2.1 billion!
📌 But if it drops below $101,500, the balance will tip in favor of the bears.
🗣️ Powell & Fed signal a dovish stance, raising expectations for interest rate cuts as early as July – positively supporting BTC.
📈 S&P 500 is also rising sharply, driving money back into risk assets like crypto.
🧩 Risks? A drop in hashrate or instability in the Middle East could reverse market sentiment in an instant.
🎯 The best-case scenario for the bulls: keep the price above $106,000 → paving the way for new ATH in July!
💣 The scenario for the bears: pull the price below $101,500 on Friday to turn the tide.
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