The act of buying and selling digital assets like Bitcoin and Ethereum on cryptocurrency exchanges, aiming to profit from price changes.
Bitcoin's price has fallen significantly below the $72,000 level, defying the 'max pain' theory as a massive $10 billion options expiry approaches. This event highlights the market's unpredictability.
Bitcoin's price has fallen below the critical $60,000 mark, sparking concern among investors. However, on-chain data and derivatives markets suggest traders are anticipating a significant relief bounce in the near future.
A significant Bitcoin options expiry event is on the horizon, with $13 billion in contracts set to expire. Traders are closely watching for signs of increased volatility and potential price movements as bears appear to hold an advantage.
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