This Friday, the bitcoin market faces an expiration of options worth $4.3 billion. This event could significantly impact the short-term fluctuations in the price of BTC, which is currently at the strategic level of $113,000.
Options Expiration Deadline
An exceptional amount of $4.3 billion in bitcoin options will expire this week, a significant figure in the crypto market. Currently, put options dominate the order book with $2.35 billion compared to $1.93 billion in call options. The recent surge in BTC price above $114,000 is shifting the balance of power in the market.
Technical Price Pressures
If Bitcoin remains above $113,000 until the expiration, over $300 million in call options will be activated, giving a significant advantage to buyers. Conversely, a drop below $111,000 will provide sellers with a $100 million advantage. Deribit holds 75% of the options volume expiring this week.
Macroeconomic Influences
The overall economic environment also weighs on bitcoin's immediate future. Recent stock surges, particularly for Oracle, and changes in U.S. employment data raise questions about market stability. The impact of significant tech investments on economic growth complicates forecasts for BTC reaching $120,000 in the short term.
The pending expiration of bitcoin options highlights the importance of the $113,000 threshold, which could act as a turning point for further price movement. Current macroeconomic conditions also require careful analysis.
