Insights

Bears in FULL CONTROL

Bitcoin bulls have a long way to go considering the BTC price is down around 35% these past couple months. Here is the scary part: Today is the monthly options expiry, and If BTC is trading below $38k the bears will profit around $350 million. Strong incentives to keep this price low. The chances of this happening are strong, and unless overnight we break $40K this is likely inevitable.

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