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Bitcoin Faces Volatility as $2B Options Expire

Bitcoin’s options expiry event signals market turbulence, with the $84K max pain level acting as a key price magnet.

• Main Points:

  • BTC Options Expiry: 26,000 BTC options worth $2.02B expired on April 4.

  • Max Pain at $84K: Traders face losses as BTC stabilizes near this level.

  • Market Uncertainty: Put/Call ratio of 1.24 shows cautious sentiment.

  • Ethereum Impact: 220K ETH options expired, max pain set at $1,850.

• Detailed Insights:

  • Price Magnet Effect: BTC tends to move toward the max pain level.

  • Volatility Expected: Expiry events often lead to sharp price swings.

  • Ethereum’s Outlook: Higher bearish sentiment reflected in put options.

  • Next Moves: Traders watching BTC’s $85K resistance for a breakout.

Related: Bitcoin Nears $80K as Stocks Crash, ‘Death Cross’ Appears

Crypto’s Most Influential Event

Consensus is the world’s longest-running gathering of the global crypto, blockchain, and AI communities.

Celebrated as ‘The Super Bowl of Blockchain’, Consensus will welcome 20,000 attendees shaping the decentralized digital economy to Toronto this May 14-16.

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Attending is your best bet.

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Trump’s Tariffs: A Strategic Move to Acquire Bitcoin?

MARA advisor Daniel Batten suggests Trump’s tariffs may be part of a plan to accumulate Bitcoin at lower prices.

• Main Points:

  • Tariff Shock: High tariffs cause market downturn, impacting crypto prices.

  • Accumulation Phase: U.S. may quietly acquire Bitcoin amid market turmoil.

  • Regulatory Shift Ahead? Future easing of restrictions could boost Bitcoin’s value.

  • Mining Incentives: Potential exemptions for mining machines could drive U.S. adoption.

• Detailed Insights:

  • Market Manipulation Theory: Some analysts see tariffs as a calculated move to lower BTC prices.

  • National Bitcoin Reserve: U.S. could build strategic BTC holdings before policy shifts.

  • Challenges to Secrecy: On-chain transparency makes large BTC buys hard to conceal.

  • Global Mining Shift: Favorable regulations could attract miners to the U.S. in the long run.

Related: Bitcoin Drops to $81K as Trump’s Tariffs Shake Markets

Saylor Explains Bitcoin’s Risk Asset Behavior

Michael Saylor addresses concerns about Bitcoin trading like a risk asset, emphasizing its liquidity and long-term independence from stocks.

• Main Points:

  • Liquidity Factor: Bitcoin is sold in times of panic due to its high liquidity.

  • Stock Market Correlation: Short-term ties to equities don’t define BTC’s long-term behavior.

  • Market Reactions: Critics argue BTC mirrors stocks, while proponents see divergence over time.

  • Bitcoin Resilience: Despite tariff-driven market chaos, BTC holds up better than equities.

• Detailed Insights:

  • Forced Selling: Traders liquidate Bitcoin in downturns because it's easy to sell.

  • Narrative Debate: Some claim BTC is just another high-risk asset; others see it as independent.

  • Historical Trends: BTC often tracks stocks initially but diverges over longer periods.

  • Future Outlook: Analysts expect Bitcoin to outperform equities in a prolonged risk-off market.

Related: Saylor’s Bold Take: “No Tariffs on Bitcoin” Amid Market Turmoil

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results