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Bitcoin Tests Key Support Levels as Deribit Exchange Prepares for $4B Options Expiry
Bitcoin Tests Key Support Levels as Deribit Exchange Prepares for $4B Options Expiry
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Deribit exchange News -
Bitcoin's price struggles below the 50-day moving average amid mounting macroeconomic pressures. Speculation grows around the Bank of Japan's potential policy shift following a 3.7% Core inflation reading, while Middle East tensions add to market uncertainty. Today's $4 billion options expiry on Deribit exchange compounds the bearish sentiment.
Trading volume dropped 28% as BTC tested the $103,100 Fibonacci support level. The quarterly options expiry, with max pain at $100,000, creates a critical juncture for institutional positioning. Current market structure suggests either consolidation or further downside depending on daily moving average closes.
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