Why did Bitcoin stumble down to $117K
While headlines screamed $BTC ATH at $123K, the real driver behind the recent volatility was today’s MASSIVE options expiry:
💥 Over $5.8B in crypto options expired (July 18)
🔸 BTC: 41,000 contracts worth ~$4.93B
🔸 ETH: 240,000 contracts worth ~$880M
And $ETH stole the spotlight:
✅ Broke decisively above $3,650
✅ Implied Volatility hit 70%
✅ Bullish sentiment dominates (Put/Call = 0.48)
➡️ ⚠️ 🚨 Traders are stacking calls for July 25 and Sept 26. 🚨
Meanwhile, BTC remained stable — but institutions are still buying.
With expiry behind us, is the next rally about to begin?
💬 Share your thoughts. Did you take profits, buy the dip, or just HODL?
