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Share link:In this post: Options expiry expected to trigger market volatility. BTC still awaits a breakout, but price is driven by leveraged positions. BTC recovered above $60,800 after a dip under $59,000.
Bitcoin (BTC) entered another period of price turbulence ahead of the weekend, after briefly dipping under $59,000. The upcoming options expiry for 18,000 BTC may affect the market scenarios in the last hours before the deadline.
On October 11, options for 18,000 BTC are expiring, setting up the market for turbulence ahead of the weekend. The put-call ratio is at 0.91, presenting a more balanced outlook. Options at some price ranges may be unbalanced, depending on the exchange. Deribit remains the largest market for options, setting expectations for BTC.
For BTC options, max pain levels sit at $62,000, the level that was abandoned in the past week. The options expiry may signal a turn of the tide as BTC attempts another rally. The options market remains sluggish compared to 2023, after a weak start to the last quarter of the year.
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