The crypto market is on edge as a massive $9.5 billion in Bitcoin options is set to expire this Friday. This expiry, the largest in months, could significantly impact Bitcoin’s price trajectory, with key strike prices at $95K and $100K potentially guiding market sentiment.

Data shows that the majority of open interest is clustered around the $95K level, which currently leans in favor of bullish call options. Analysts believe a strong upward push could be triggered if Bitcoin closes near or above this mark, potentially sparking a wave of buying momentum.

However, there’s also the risk of heightened volatility as traders reposition themselves ahead of the expiry. With Bitcoin hovering near $98K, the stakes are high for bulls and bears alike. This expiry will test whether the recent bullish trend has enough momentum to propel Bitcoin past the psychological $100K barrier.

All eyes are on how this options expiry will shape Bitcoin’s next move. Show Less