Price Analysis View Non-AMP

Degens Gear Up for Both Scenarios Ahead of Option Expiry—Will BTC Price Breakout or Breakdown?

Published by
Sahana Vibhute

After the FOMC minutes and the digital asset summit,  the option expiry is about to shake the volatility of the market. Triple Witching Day is here! It shakes the volatility of the market if it has remained stagnant for a long time, as it refers to the simultaneous expiration of options and future contracts. Currently, more than $2 billion in Bitcoin and Ethereum options are set to expire, and hence the investors are closely monitoring potential shifts. 

Options expiry is the new normal for the crypto space but it does influence the markets to some extent. This time it could be more intensified as the crypto degens have entered and placed bets on either side. The degens are the ones who engage in high-risk and speculative trading or investment strategies. Now that the BTC price has remained still for over a while, it hints towards both the possibility of a breakout and a breakdown. 

To act fast, these degens have placed a bet on either side of the current range. 

The data from Coinglass suggests the nearly $50 million liquidation leverage is placed on $85,815 and $82,950. Hence, Bitcoin is expected to face a significant price action after hitting either of the levels if the expiration of the options influences the BTC price action. Currently, the price is facing equal bullish and bearish pressure with negligible volume, which suggests the token is experiencing an extreme price squeeze. Therefore, this suggests the BTC price is heading for a massive price action. 

Despite the pullback, the BTC price is trading within a rising parallel channel in the short term and has dropped below the average. Meanwhile, the stochastic RSI is heading towards the lower threshold and may soon undergo a bullish rebound. This could help the price to rise above the average as 50-day MA is offering a strong base. Besides, after experiencing a small bearish pressure, which is expected to be overcome in a short while. 

In the meantime, both the liquidation levels are pretty distinct, hence the Bitcoin (BTC) price needs to undergo a 3% to 5% upswing or pullback to trigger either of the actions.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

Aptos Coin Price Prediction 2025, 2026 – 2030: Will APT Price Hit $25 This AltSeason?

Story Highlights The live price of the Aptos token is Aptos could reach a maximum…

June 6, 2025

Uniswap Price Prediction 2025, 2026 – 2030: UNI Price Hit $30 This Year?

Story Highlights The live price of the UniSwap crypto token is . The UNI price…

June 6, 2025

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

Story Highlights Solana Price Today is . Solana coin price could reach a potential high…

June 6, 2025

Best Crypto To Buy Now at $0.32: The 2025 Altcoin Set for a 1000x Surge

Kaanch Network stands at the forefront of 2025’s altcoin contenders, commanding attention with its current…

June 6, 2025

How Low Could Bitcoin Price Go in This Crypto Market Crash?

Highlights Bitcoin price fell 5.2% to a low of $100,345 yesterday due to leveraged trade…

June 6, 2025

Binance Coin BNB Price Prediction 2025, 2026 – 2030: Will BNB Hit New ATH?

Story Highlights Binance Coin Price Today is . The BNB price prediction anticipates a potential…

June 6, 2025