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Ahmed Barakat
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Bitcoin price absorbed a strong blow and bearish expectations, staying on its feet. Bitcoin was forced to fall below $60,000 after a 3% daily decline, while Ethereum fell further, down more than 5% to around $1,510, neither coin anywhere near where options market makers wanted it to be.
Friday’s debit expiration ranked as the biggest options event of the quarter, with… $10.63 billion in combined virtual contracts for BTC and ETH Settle in one sitting. Bitcoin’s share reached $9.06 billion across 92,154 calls and 57,652 trades, compared to $1.57 billion for Ethereum.
Our analysts noted that prices continue to enjoy a significant premium on calls across all major periods, with Bitcoin’s delta 25 divergence printing -10.7% in one day and -11.3% in seven days. days. This deviation confirms that traders were paying for downside protection heading into settlement, rather than chasing the upside.
Now that the expiration has been cleared and the sites have reset, where will Bitcoin go next?
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Bitcoin Price Forecast: $70,000?
Bitcoin is trading at $60,000, or about 14% below the maximum pain level of $70,000. However, the gap is not just about putting options, selling pressure also remained constant after the recent expiration, while buyers failed to trigger a meaningful recovery.
Right now, the prime area is between $58,000 and $60,000. Maintaining this range would keep the recent pullback under control. On the upside, Bitcoin is facing resistance near $63,000 to $65,000, with stronger ceilings around $67,000 and $68,000.
If the support remains intact, the price could gradually head towards the $65,000 level. This would indicate that sellers are losing momentum. A strong move higher will likely require new demand and improved market sentiment.
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The most likely outcome remains consolidation. Bitcoin may continue to move between $58,000 and $63,000 as traders wait for the next catalyst. Even then, price action may remain choppy and directionless.
A drop below $58,000 would dampen the near-term outlook. In this case, the next major support is near $54,000. Meanwhile, the price of Ethereum has fallen faster than the price of Bitcoin recently, showing that risk appetite across cryptocurrencies remains fragile. 21% less than $2A maximum pain level of 000,000 indicates that his options positioning was more flawed, and he may delay any attempt to recover Bitcoin.
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Bitcoin Hyper is attracting interest in the early stage as BTC tests crucial support
Bitcoin price at $60,200 with negative divergence and macro headwinds is a tough spot for point holders. The upside to maximum pain is real but not guaranteed on any near-term timeline. This gap between where BTC should go and where it actually trades is exactly the type of environment in which early-stage infrastructure begins to attract rotational capital looking for asymmetric exposure.
Bitcoin Hyper ($HYPER) It positions itself as the first Bitcoin Layer 2 with full Solana Virtual Machine (SVM) integration, targeting the fundamental limitations that have historically kept BTC on the sidelines. It takes BTC out of the smart contract ecosystem: slow transactions, high fees, and limited programmability.
It has sparked pre-sale closer to 33 million dollars At the current price $0.0136with the possibility of betting at a high APY for early participants. The architecture combines a decentralized fiat bridge for BTC transfers with ultra-low latency implementation. The pitch is faster performance for Solana smart contracts, inheriting Bitcoin’s security layer.
Find details of the Bitcoin Hyper pre-sale here.
