Brace Yourself

~50K BTC is about to be dumped on the market due to liquidations

For those not in the know today is the expiration date for $2.2 Billion in options. They usually fluctuate price but due to the recent crash and fear in the market at high levels it's a recipe for disaster

Currently we are facing strong selling at $37,000.00 and a base of $36,500.00

A major cross of either can mean a swing to the upside towards $41,500.00 or a bottom of $19,000.00

Edit ( Sources):

1. https://news.bitcoin.com/2-1-billion-notional-in-btc-options-set-to-expire-on-friday-bitcoin-contango-has-returned/

2. https://www.theblockcrypto.com/data/crypto-markets/futures

3. https://datamish.com/btcusd/24h

4. https://studio.glassnode.com/metrics?a=BTC&m=addresses.ActiveCount

5. https://alternative.me/crypto/fear-and-greed-index/

It may crash the price like (65% crash) or is a giant nothing burger

Good hunting to those trading today

Personally all cashed up apart from my 25% BTC holdings

Edit 2:

IMPO the price is going to crash but do your own research to find the best plan. I'm holding BTC and will buy back at what I feel is the bottom