On July 4, about 27,300 options on $BTC expire for a total of ~$3 billion — it seems a lot, but compared to last week — almost a modest corporate 🧨📉
📊 What's the position?
Put/call ratio = 1. That is, the market is like a wise oracle — ready for both up and down 😅
Max pain level — $106K, which is almost $3K below the current price. Someone is clearly ready for pain… but not us 😎
🎯 Where are the whales hiding?
Open interest is highest at $115K, $120K, and as much as $140K — there are $1.5 billion hidden there 💰
This indicates one thing — there’s optimism in the market, not just hopium 😇
📉 Market cap has slightly declined — down 2%, now at $3.64 trillion.
BTC jumped above $110K but fell back to $109.5K. To close the week as a true bull 🐂, it needs to stay above $108,890.
Options are expiring, traders are sweating, and the market is resting for now… but only until the next explosion.
