Bitcoin

Change

<p>A decisive turning point is approaching for Bitcoin, and it promises to shake the entire crypto market. With impressive BTC options worth $13.6 billion set to expire, volatility is at its peak. This expiration, scheduled for November 29, becomes a potential lever for bulls aiming to lift the price of the flagship cryptocurrency beyond the mythical $100,000 mark.</p> 
<h2 id="h-les-bulls-ont-une-carte-a-jouer-avec-le-bitcoin">Bulls Have a Card to Play with Bitcoin</h2> 
<p>The <a href="https://www.cointribune.com/tag/bitcoin-btc/" target="_blank" rel="noreferrer noopener">Bitcoin news</a>: the expiration of BTC options this month is one of the biggest events of 2024. With <strong><a href="https://cointelegraph.com/news/13-6-b-bitcoin-options-expire-btc-price-100k" target="_blank" rel="noreferrer noopener">a total amount of $13.6 billion</a></strong>, call options lead put options with <strong>an open interest of $7.4 billion</strong> against $6.2 billion. This superiority, although less than usual, offers <strong>a unique opportunity</strong> for optimistic investors.</p>
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<p>For call options to prevail, <strong>several scenarios are conceivable</strong> depending on the closing price:</p> 
<ul> 
 <li>Between $86,000 and $90,000: a net gain of $1.65 billion for call options;</li> 
 <li>Between $90,000 and $94,000: $2.6 billion in favor of buyers;</li> 
 <li>Between $94,000 and $98,000: an advantage of $3.55 billion;</li> 
 <li>Between $98,000 and $102,000: $4.58 billion for the bulls.</li> 
</ul>  
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<p>Faced with this pressure, bears will need to struggle to keep BTC below $90,000. But <strong>the resilience of the asset, showing a 34% increase over 30 days</strong>, tips the balance in favor of the bulls.</p> 
<h2 id="h-le-prix-du-btc-peut-il-atteindre-100-000">Can BTC Price Reach $100,000?</h2> 
<p>The stakes of BTC options go beyond simple speculation. As investors flee risky assets due to <strong>macroeconomic uncertainties</strong>, Bitcoin holds its ground. Recent days have seen <strong>a 5% rebound</strong>, consolidating confidence in this flagship crypto asset.</p> 
<p>However, reaching $100,000 will depend on <strong>other key factors</strong>:</p> 
<ul> 
 <li>20% of the call options, or $4.25 billion, target this value;</li> 
 <li>Put options beyond $100,000 represent less than 2% and are almost useless, capped at $80 million;</li> 
 <li>Macroeconomic pressure, combined with inflationary signals, could bolster BTC’s position as a safe haven.</li> 
</ul> 
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<p>As Barclays reminds us: ” <em>Price uncertainties naturally encourage the postponement of investments.</em> ” </p> 
<p>A context that could benefit Bitcoin, ready to surpass its historical resistances.</p> 
<p>Earlier this month, our colleague reported the expiration of 28,000 Bitcoin options, with a total value of <a href="https://www.cointribune.com/en/bitcoin-2-billion-dollars-in-options-expire-today-what-to-expect/" target="_blank" rel="noreferrer noopener">$2 billion</a>. Increased volatility resulted from this. The rest is known: a few days later, the price of BTC surged, confirming once again the unpredictable yet captivating nature of this crypto asset.</p>

This Friday, Everything Could Change for Bitcoin – Here’s Why

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