Can Bitcoin price maintain above its weekly resistance of $69,000 after Friday’s options expiry?
Over $1.5 billion worth of Bitcoin (BTC) futures options are set to expire on April 12, signaling potential downside price volatility that could see Bitcoin fall to the $69,000 mark.
The over $1.5 billion worth of Bitcoin options are due with a put-to-call ratio of 0.62, suggesting a “max pain” point of $69,000 for Bitcoin, according to an April 12 X post by pseudonymous trader Greeks.
Despite the maximum pain point, Bitcoin won’t necessarily fall back to its old all-time high, according to Hao Yang, global head of derivatives trading at Bybit exchange, who told Cointelegraph:
