Epic showdown! $14.6 billion in options will ignite tonight! Will whale speculation bloodbath the market? Bitcoin's target of $160,000 is ready!
A nuclear-level event in the news is counting down! According to authoritative data from Deribit, today a total value of up to $14.6 billion in Bitcoin and Ethereum options will expire, a scale that can be considered top-notch this year!
The nominal value of Bitcoin options is $11.7 billion, with a put/call ratio of 0.79 indicating a bullish sentiment in the market, but the maximum pain point of $116,000 is becoming a lifeline for both bulls and bears! Ethereum options are equally fierce, with $3.2 billion at stake for the showdown, the pain point set at $3,800, and the upward target surprisingly skyrocketing to $5,000!
Open interest is highly concentrated in the $110,000-$115,000 range, and tonight's capital flow will directly determine whether the bull market can survive!
This is not an ordinary expiration event, but the ultimate showdown of institutional whales! A put/call ratio below 1 shows that most players are betting on an upward movement, but once the pain point price is breached, it will trigger the gamma squeeze effect, causing a chain of liquidations and wild fluctuations! If Bitcoin can maintain above $116,000, the defeat of the bears will push the price towards new highs of $120,000 or even $160,000! Conversely, if it loses key support, the market may face a short-term bloody correction! Ethereum hides even more secrets—capital flow is balanced but the upward target is fierce; once it breaks $3,800, $5,000 will become the next beacon of skyrocketing prices!
Core viewpoint:
Tonight will either be a waterfall or a rocket! Institutions are engaged in a dark market showdown; retail investors must closely monitor capital flow and the defense of pain points! Historical data shows that large-scale expirations are often accompanied by a spike in daily volatility of over 50%, so it is recommended that high-leverage players urgently reduce their positions, while trend traders seize the opportunity to ride the pullback! The bull market is not over, but the massive shakeout will surely bury the greedy!
Do you think tonight will be a surge or a drop? Share your thoughts in the comments!
