The Alts market cap is moving in a descending triangle pattern. Price is squeezing between a strong support zone around $870B–$890B and a descending trendline.
A breakout above the trendline could trigger upside momentum, while a breakdown below support may lead to further losses. A decisive move is likely soon as the pattern nears its apex.
Data 26,000 BTC options expired with a Put Call Ratio of 1.24, a Maxpain point of $84,000 and a notional value of $2.2 billion. 220,000 ETH options expired with a Put Call Ratio of 1.42, Maxpain point of $1,850 and notional value of $400 million. #OptionsExpiry
GameStop is offering $1.3 billion in convertible notes with a 0% coupon, with net proceeds expected to be used for acquiring bitcoin. #GameStopBitcoinReserve