Can Bitcoin hold $62K ahead of Friday’s $1.4 billion options expiry?
Summary
Bitcoin regained $63,000, but traders worry about a pullback before Friday’s $1.4 billion Deribit options expiry. A rising 10-year US Treasury yield near 4.6% is pressuring risk assets and reflects concern over debt and policy outlook. Bitcoin ETF outflows of $85 million were not seen as a major shift, and options demand remains fairly balanced, with call volume recently outpacing puts. For expiry, bulls have an edge above $63,500, while bears gain only limited advantage below $61,000. A move above $63,500 could strengthen Bitcoin’s short-term setup, but sustained upside likely needs easier macro conditions, such as lower yields or improved risk sentiment.
