Over $17.5 billion in Bitcoin options are set to expire in the next two days, with the max pain level identified at $107,000. This significant expiration event is expected to introduce volatility into the market, with analysts predicting potential downward pressure before any possible reversal. Historically, September has been a month where Bitcoin finds its bottom before rebounding in the fourth quarter. Traders are advised to exercise caution as the market navigates this large expiration.
$17.5 Billion in Bitcoin Options Expiring, Market Eyes $107K Max Pain
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