Bitcoin Holds $79,200 Ahead of Fed, Coinbase Earnings and $10.9B Options Expiry
- —U.S. spot Bitcoin ETFs lost $635.6 million on Thursday and another $137.9 million on Friday
- —Polymarket puts a 94.5% chance on the Fed holding rates Wednesday and 5.5% on a hike
- —About 135,700 BTC of options worth $10.9 billion expire Friday, with max pain at $78,000
- —Saturday's drop to $79,221 cleared roughly $820 million in liquidations; funding is back to a neutral 0.01%
Why it matters: The week's three catalysts will decide whether October closes above $80,000; losing $79,221 opens the way to $78,000 and the 200-day EMA at $76,348.
Source: Coinspeaker