Marcel Pechman
Marcel Pechman
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Bitcoin pushes to $40K, but are bulls strong enough to win Friday’s $735M options expiry?

Bitcoin pushes to $40K, but are bulls strong enough to win Friday’s $735M options expiry?

$735 million in BTC options expire on May 6 and data suggests that the current macroeconomic conditions will continue to favor bears. 0:00 Bitcoin () price has been stuck in a falling wedge pattern for the past two months and during this time it has tested the $37,600 support on multiple instances. Adding to this “bearish” price action, BTC is down 16% year-to-date, which is in line with the Russell 2000s performance. The real driver of Bitcoin’s current price action is investors’ concerns about worsening macroeconomic conditions. Professional investors are worried about the impact of...

May 4
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cointelegraph.com

cointelegraph.com

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