Bitcoin futures buying pressure hits highest since August as $2.95B in options expire
- —BTC futures open interest rose by about 9,000 BTC in 24 hours
- —Buying pressure is the highest since August 19, per Axel Adler Jr
- —35,000 BTC options worth $2.63 billion expired, max pain $82,000
- —116,000 ETH options worth $320 million expired, max pain $2,660
Why it matters: Holding $85,000 would sustain the rally, while a drop below $83,000 could accelerate liquidations of fresh longs.
Source: Blockmedia