Yesterday, there was a large Bitcoin options expiration, around 14 billion dollars. I noticed this is quite significant for the market dynamics this week.

What’s interesting is that the $75,000 level continues to appear as a magnet price on the chart. Many traders are paying attention to this support level, and it seems that the options expiring yesterday influenced buying pressure in that area.

So basically, when there is such a volume of options, it usually impacts the price action. The magnet price at $75,000 is not a coincidence — it’s a level where many positions are concentrated. Worth watching to see if the price can hold or break below it.