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The $56,000 support has become a focal point for traders, as more than $1.4 billion in Bitcoin options are set to expire at 8:00 A.M. UTC.
Despite the likely selling movement, BTC showed a positive 0.5% price variation in the past hour, resisting the "government dump."
The flagship crypto was still up 3.75% over the past 24 hours and trading at $60,770 as of press time,
The liquidity concentration issues got worse since the launch of spot Bitcoin ETFs in the US, adding risks of sharp weekend price swings.
The average price of short-term Bitcoin investors sits at $64,860, which could trigger capitulation if another sell-off happens.
According to market experts, traders expect a "bullish second half of the year" with options placing the price between $90,000 and $100,000.
District Judge Analisa Torres partially granted the motion from remedies filed by the SEC against Ripple.
Despite the significant inflows for the past two days, the ETFs failed to counter the large holders selling pressure.
The former President said the government should not attempt to sell its crypto holdings in response to speculation about the matter.
