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Bitcoin Hits $113K as Deribit Exchange Faces $3.28B Options Expiry
Bitcoin Hits $113K as Deribit Exchange Faces $3.28B Options Expiry
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Deribit exchange News - Bitcoin's price rally accelerated ahead of the U.S. jobs report, surging to $113,000—its highest level since late August. The cryptocurrency recorded its first higher high since mid-August's all-time peak, signaling a potential bullish reversal. Market dominance climbed to 59%, reflecting renewed capital inflows into BTC after a period of rotation into ether. The rebound from Asian session lows may align with max pain theory, where option sellers influence spot prices toward $112,000 ahead of Deribit's $3.28 billion BTC options expiry. Institutional activity appears to be driving this strategic positioning.
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