Bitcoin Price Dips Ahead of Options Expiry; Market Volatility Expected

Bitcoin’s price slipped below the $105,000 mark ahead of a significant $9.83 billion options expiry, sparking market volatility. With approximately 92,501 BTC options set to expire today, the Put/Call Ratio stands at 0.89, indicating a slightly bullish sentiment. Despite this, Bitcoin is currently trading near its Max Pain Price ($100,000) and speculation about downward pressure from sellers attempting to maximize profits is gaining traction.