Bitcoin Trapped Under $74K as $9B Options Expiry Looms
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Bitcoin remains under pressure below the $74,000 resistance level as the market braces for Friday's massive $9 billion options expiry. Bears appear to have the upper hand, with heavy ETF outflows and corporate selling adding to the downward momentum. The options expiry could introduce additional volatility, but the current sentiment suggests that sellers are in control. If Bitcoin fails to reclaim $74,000 soon, a retest of lower support levels is likely. However, the expiry could also trigger a short squeeze if bulls manage to push prices higher, but for now, the bears are dictating the market direction.
Read full article on CoinTelegraph
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