
Bitcoin faces $16 billion options expiry Friday, then two more tests hit the rally
Bitcoin’s $16 billion options expiry sets up fresh volatility as hedging shifts and US economic data hits.
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The funds pulled in about $1 billion as Bitcoin broke above $86,000, with BlackRock, ARK and Fidelity leading the surge.

Spot taker flow and realized-cap growth improved while futures exposure and profit-taking climbed with the rebound.

BTC is trading more than $15,000 above the company’s disclosed $70,000 call strike, potentially capping gains on 2,000 coins.

More than $1 billion in bearish positions were wiped out, but the next leg now depends on fresh buying as leverage rebuilds above the market.

The 50-week moving average reclaim has preceded durable recoveries in most past cycles, though today’s leverage-heavy rally still needs real buying to take over

Large network balances sit alongside uneven ETF flows, while the benefit to Ethereum holders depends on purchases and fees.



