🚨 Breaking: $BTC on Edge — $23B Options Expiry Tomorrow Could Bleed Bears or Break Bulls

$BTC is trading around $111.5K after several days of steady losses, and the timing could not be worse. Tomorrow, September 26th, a massive $23B options expiry will hit the market, and it has the potential to drive serious volatility.

The price action is fragile. After sliding about six percent from recent highs, Bitcoin is now clinging to support in the $110K–$111K zone. If that level fails, the path toward $108K opens quickly. That’s exactly the type of weakness that options flows can exploit, as large expiries often pull price toward max pain levels where the majority of open interest gets hurt.

Sentiment is not helping either. ETF flows turned negative, with nearly half a billion dollars pulled out, and leverage has already taken a beating — more than $1.6B in longs liquidated this week. At the same time, momentum signals like RSI and MACD are showing weakness, giving bears plenty of confidence heading into expiry.

But it’s not one-sided. If Bitcoin manages to reclaim $113.5K with strength, shorts could be forced to cover, which would fuel a sharp relief rally. That level is effectively the bull’s last card before tomorrow’s expiry decides direction.

My take: This expiry is a knife fight. The short-term picture is tilted bearish, but the possibility of a violent short squeeze cannot be ignored. The next twenty-four hours will decide whether Bitcoin bleeds deeper below $110K or flips back into bullish control above $113.5K. Either way, expect volatility and don’t expect a quiet Friday.