Bitcoin Options Expiry Removes Price Barriers, Says Glassnode
Glassnode reports that bitcoin options expiry has eliminated price barriers, while CryptoQuant warns of a shortage of buyers. The US Treasury Secretary also ruled out a digital dollar.
BTCUSD
According to Glassnode, the recent expiration of bitcoin options has cleared key price barriers, potentially allowing the asset to move more freely. The analysis suggests that the options expiry removed resistance zones that had been capping price action.
Separately, CryptoQuant highlighted a deficit of buyers in the bitcoin market, indicating weak demand relative to supply. This could weigh on short-term price dynamics. Meanwhile, US Treasury Secretary ruled out launching a digital dollar, signaling no immediate government-backed CBDC.
Source: ForkLog