Bitcoin's price remains under pressure, trading between $108,645 and $110,369 after a sharp decline to $108,623 on Thursday. Despite a slight rebound on Friday, driven by PCE data and major options expiration, Bitcoin's upward momentum was short-lived. By Saturday, the cryptocurrency had only gained 0.3% to $109,330 in the past 24 hours, marking a 5.78% decline over the week. Analysts point to a critical price level at $116,354, with failure to reclaim this support potentially leading to a drop to $94,334. MVRV pricing zone analysis underscores the importance of the $116,354 level. Meanwhile, Deribit's largest options expiration on Friday saw BTC settle at $109,000, with the highest pain point at $110,000. Open interest in BTC options fell from 515,000 BTC to 355,000 BTC, indicating a market reset. Short-term caution prevails, and rising open interest in the coming days may provide insights into traders' sentiment and exposure.