102k – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Thu, 26 Jun 2025 20:25:34 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 102k – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Bitcoin Holds Above $107K Ahead of Friday’s Big Options Expiry With $102K Max Pain Price https://earlybirdsinvest.com/bitcoin-holds-above-107k-ahead-of-fridays-big-options-expiry-with-102k-max-pain-price/ https://earlybirdsinvest.com/bitcoin-holds-above-107k-ahead-of-fridays-big-options-expiry-with-102k-max-pain-price/#respond Thu, 26 Jun 2025 20:25:33 +0000 https://earlybirdsinvest.com/bitcoin-holds-above-107k-ahead-of-fridays-big-options-expiry-with-102k-max-pain-price/

Bitcoin

traded in a tight range just during U.S. hours Thursday ahead of a big options quarter expiry on Friday.

The top cryptocurrency is currently trading for $107,500, down 0.2% in the past 24 hours, while the CoinDesk 20 — an index of the top 20 coins by market capitalization, except for stablecoins, exchange coins and stablecoins — lost 0.9% in the same period of time.

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“This Friday marks one of the largest option expiries of the year on Deribit,” Jean-David Péquignot, chief commercial officer at Deribit, told CoinDesk. BTC options open interest stands at $40 billion, Péquignot said, and 38% of these contracts will expire on Friday.

“Max pain price for Friday is at $102,000, with a put/call ratio of 0.73,” said Péquignot.

Bitcoin’s implied volatility, measured by Deribit DVOL, dropped to 38% from 50% in what was a wild April, signaling perhaps that the market is increasingly confident in the cryptocurrency’s macro-hedge role, according to Péquignot. Meanwhile, put-call skews show no clear directional positioning for traders in the short-term.

“Bitcoin’s $105,000 level is pivotal, with technicals suggesting caution if support fails,” Péquignot said. “Low open interest in perps and fairly depressed Bitcoin implied volatility and skew are indicative of limited expectations for sharp price movements going into Friday’s expiry.”

A number of crypto stocks are managing gains on Thursday, with Core Scientific (CORZ) surging more than 33% off of a Wall Street Journal report that the bitcoin miner may soon be acquired by AI Hyperscaler CoreWeave (CRWV).

Circle (CRCL), Coinbase (COIN), Riot Platforms (RIOT) and Hut 8 (HUT) were higher by 5%-7%, while Strategy (MSTR) was lower by nearly 1%.

]]> https://earlybirdsinvest.com/bitcoin-holds-above-107k-ahead-of-fridays-big-options-expiry-with-102k-max-pain-price/feed/ 0 44297 Bitcoin falls 4% to $102k causing $670M in liquidations after weekend rally to $106k https://earlybirdsinvest.com/bitcoin-falls-4-to-102k-causing-670m-in-liquidations-after-weekend-rally-to-106k/ https://earlybirdsinvest.com/bitcoin-falls-4-to-102k-causing-670m-in-liquidations-after-weekend-rally-to-106k/#respond Mon, 19 May 2025 10:18:51 +0000 https://earlybirdsinvest.com/bitcoin-falls-4-to-102k-causing-670m-in-liquidations-after-weekend-rally-to-106k/

Snapshot: Bitcoin rocketed past $106k late Sunday before surrendering nearly 4% by Monday morning. More than $670 million in crypto futures were liquidated in the swing. Even so, spot-BTC exchange-traded funds attracted $608 million last week, hinting at a resilient institutional bid.

Inside the roller coaster

At 22.00 UTC on 18 May, a burst of short covering catapulted Bitcoin to $106,980, its highest price since February. The rally lasted less than five hours. By 02:00 UTC, take-profit orders and thin weekend liquidity reversed the entire move, plunging the price toward $103,000. An additional slide to $102,300 materialised before bids stabilised the market around breakfast time in London, around $103,200.

CoinGlass data shows that the violent round-trip triggered $670 million in forced liquidations across Bitcoin, Ethereum, Solana, and Dogecoin futures. Roughly $465 million of long positions were wiped out, while $224 million of shorts were squeezed during the initial surge.

The data underlines how lightly traded weekend order books can magnify every stop-run, as Sunday saw Binance’s lowest trading volume of the year.

While derivatives traders nursed losses, spot-Bitcoin ETFs quietly raked in $607 million net over the week ending 18 May. BlackRock’s iShares Bitcoin Trust accounted for $839 million, offset by outflows from smaller products.

Corporate treasuries joined the accumulation. Strategy, the US-listed software-to-Bitcoin vehicle, disclosed the purchase of 13,390 BTC on Monday, spending about $1.3 billion and lifting its reserves to 568,840 BTC.

Concurrently, open interest on exchanges has soared to a year-to-date high of $70 billion, indicating additional leverage is now entering the market, similar to the second leg of the 2021 bull run.

Macro clouds gather

Macro headlines added friction to the crypto rally. Moody’s cut its outlook on US sovereign debt, pushing the 30-year Treasury yield back above 5% and reviving concerns about fiscal risk.

Analysts at research firm Block Scholes told Reuters,

“The most recent price action may have begun to validate the view that Bitcoin is not just the 501st company in the SPX.”

Martin Leinweber from MarketVector Indexes added,

“The damage has been done in terms of trust towards the U.S. and dollar assets … but you can’t (diversify) overnight.”

The CEO of Stocktwits added on X,

“You’re watching a political-economic realignment where Bitcoin is the release valve.

Trump, tariffs, Treasury chaos it’s all part of the shift.”

Why It Matters

  • Sentiment barometer: Every probe above $100k offers a real-time gauge of risk appetite after April’s halving.
  • Structural tailwinds: ETF inflows and corporate balance-sheet exposure create a buy-the-dip reflex that can truncate pull-backs.
  • Liquidity minefield: Weekend trading remains a danger zone for leveraged players, with thin books exaggerating both squeezes and crashes.

What to Watch Next

  1. Whether spot-ETF inflows persist above $500 million per week, a slowdown could test support at $100k.
  2. The open interest build up in perpetual futures. Rising leverage may set the stage for another squeeze.
  3. Further US fiscal headlines. Renewed stress in the bond market could amplify volatility across risk assets.
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