
Tech • IA • Crypto
Bitcoin hovered around $59,800–$60,000 during a major quarterly expiry of roughly $10 billion in options. Market makers’ positioning had incentivized price stability near this level, but that support is now fading post-expiry. With delta exposure returning to neutral, derivatives no longer anchor price action. The result is a more fragile market structure heading into the next move.
Bitcoin continues to defend the $60,000 zone, widely seen as a pivotal technical level. A breakdown could expose downside targets at $55,500, $54,000, and potentially $52,500 across futures and spot markets. Liquidity clusters and CME gaps reinforce these levels as magnets for price. Analysts warn that failure here could trigger a sharper bearish continuation.