Bitcoin Price Stuck at $113K as Traders Brace for End-Of-Month Options Expiry

2d ago•

bullish:

bearish:

The upcoming Bitcoin options expiry is expected to cause a major volatility event in the market.

Bitcoin faces a major volatility event with the massive end-of-month options expiry approaching.
The “max pain” price, where most contracts expire worthless, is located around $116,000.
The expiry adds weight to a warning from Peter Brandt that BTC could be in a bearish pattern.

Bitcoin (BTC) bounced 2.1% over the past 24 hours to trade near $113,144, leading a mild rebound across the crypto market. But a legendary trader is warning this could be a deceptive rally. The move follows strong performances from altcoins like Solana (SOL), which gained over 5% to hit $211.4, and Cronos (CRO), which exploded 56.8% to $0.35.

According to market data from CoinGecko, Solana’s price has gained over 5% in the past 24 hours to trade at about $211.4 at the time of this writing. On the other hand, CRO price has rallied 56.8% in the last 24 hours to hover about 35 cents. As a result, the total crypto market cap edged 1.5% higher in the past 24 hours to hover about $3.99 trillion.