n0ther (n0ther.eth)
Crypto native, web3 wanderer, DeFi chemist and metaverse voyager. Empirical reality can be operated by streams of bits and chains of blocks.
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Are you ready for this? play http://bit.ly/hmstr 🐹
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🚨 Tomorrow, August 16 at 8:00 UTC, the $1.88 B$ options on the Derebit exchange will expire. While the total maximum loss price is about $60k, a large number of put options have a strike price of about $58k. Market makers may try to recover the $60k level if involved, otherwise option writers may be interested in adding selling pressure, potentially bringing the price below $58k!
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What does this graph suggest you? Going up or backwards to August '23?
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Do you remember when, in Nov 2022, the ECB had given Bitcoin up for dead? 🪦 Or when it recant that it was not dead but survives through illicit transactions? 🔫 Well, finally the ECB looked at Bitcoin with fresh eyes… and realized that the early bird catches the worm!! 🤯 Bullish AF
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