Bitcoin fell below $70,000 on Thursday morning as traders turned cautious ahead of a $14.1 billion options expiry.
Deribit data indicates a massive $18.6 billion in crypto options expiring today, with Bitcoin alone accounting for over $14.1 billion.
Bitcoin ETFs saw $7.81 million in net inflows on Wednesday, while Ethereum ETFs reported $8.51 million in net outflows.
Cryptocurrency |
Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $69,215 |
| Ethereum | (CRYPTO: ETH) | $2,067 |
| Solana | (CRYPTO: SOL) | $87.66 |
| XRP | (CRYPTO: XRP) | $1.37 |
| Dogecoin | (CRYPTO: DOGE) | $0.0915 |
| Shiba Inu | (CRYPTO: SHIB) | $0.055916 |
Meme coin market capitalization is up by 1.8% over the past 24 hours to $34.2 billion.
Trader Commentary:
Trader Lennaert Snyder said Bitcoin remains range-bound with limited momentum, favouring range-trading strategies.
He identified the $69,700 fair value gap as a potential long zone, provided support at $68,850 holds. On the upside, liquidity targets sit near $70,940 and $71,630, where traders may look for short setups after confirmation.
Crypto Tony said Ethereum is consolidating within a $2,105–$2,190 range, with a breakout likely to determine the next directional move.
Trader CW noted that despite XRP’s recent price weakness, rising open interest and increasing net long positions point to underlying bullish sentiment.
Osemka said Dogecoin is acting as a sentiment indicator for the altcoin market. Its recent breakout and RSI retest suggest a potential higher-timeframe trend shift may be underway.
Image: Shutterstock
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