) has been trying to break above the $20,500 resistance for the past 35 days, with the latest failed attempt on Oct. 6. Meanwhile, bears have displayed strength on four different occasions after BTC tested levels below $18,500 during that period.Investors are still unsure whether $18,200 was really the bottom because the support level weakens each time it is tested. That is why it’s important for bulls to keep the momentum during this week’s $510 million options expiry.
If Bitcoin's price remains above $19,000 at 8:00 am UTC on Oct. 21, only 4% of these put options will be available. This difference happens because a right to sell Bitcoin at $18,000 or $19,000 is worthless if BTC trades above that level on expiry.Below are the four most likely scenarios based on the current price action. The number of
This crude estimate considers the put options used in bearish bets and the call options exclusively in neutral-to-bullish trades. Even so, this oversimplification disregards more complex investment strategies.
Something about SNSstork
The Oct. 21 options expiry is especially relevant because the Bitcoin bears can profit $80 million by suppressing BTC below $19,000.
21k ? where is 100k ?
Your analysis is so bad
Bitcoin to zero is not impossible
noshitcoins Well, I just spend more USDT on BTC below $20k.
noshitcoins Wow! $21,000! So down only 69.56% from its ATH
noshitcoins This is crazy gamee changeer
noshitcoins Uniswaap mustt fix tthis aas soon aas possible
noshitcoins Where do you find these people?