📊 Bitcoin Options Outlook (Apr 24)
BTC hovering near $78K battleground ⚔️
🔹 Max Pain: $77,800
🔹 PCR: 1.41 (Neutral)
🔹 Heavy OI at 78K strike
Volatility cooling (IV 30%) while both bulls & bears stay active
Expect choppy moves near 78K before a decisive breakout.
LTH-NUPL is near a key inflection point - profitability has dropped from 58% → 3% in just 142 days.
But here’s the catch: it’s still above zero.
That means:
Stress = high ✅
Capitulation = not yet ❌
Historically, true market bottoms form only when long-term holders go into net unrealized losses.
Right now, we’re likely in a late-stage stress phase, not the final bottom.
(Source- Cryptoquant)
ETF flows are turning
After heavy February outflows, Bitcoin ETFs have added ~38,000 BTC in the past month (~$2.6B inflow).
YTD flows still negative (~−4,000 BTC), but the rebound is significant and supporting price stability.
For BTC to break out of this range, sustained ETF demand will be key 📊
(Source- Cryptoquant)
US CLARITY Act Update:
Senator Bernie Moreno says the long-awaited crypto regulation bill could pass “hopefully by April.”
At the World Liberty Financial (WLF), Brian Armstrong said there’s now a “path forward” - a win for crypto, banks, and consumers under Donald Trump’s crypto agenda.
🪙 Polymarket odds of passage spiked to 90%, now at 72%.
#CryptoNews #USCLARITYAct #Coinbase #Bitcoin
🚀 #Bitcoin Update:
Bitcoin is holding strong near $68,100 (+0.58%) 💪
Right now, price is completing its Wave 2 correction (a short pullback before the next big move).
If this support holds, the next wave (Wave 3) could push Bitcoin towards $77K–$81K 🎯
After that, the bigger target could be $85K–$110K+
So what do you think- are buyers entering here or waiting for confirmation?
#BTC #Crypto #Bitcoin
Bitcoin open interest has plunged 55% from its all-time high-the sharpest drawdown since April 2023.
Leverage is washing out, positioning is resetting, and the market structure is shifting.
Big flushes often precede big moves.
⚡️ This Week in Economics & Crypto Watch:
➡️ Monday: Dec Retail Sales
➡️ Wednesday: Jan Jobs Report
➡️ Thursday: Jobless Claims + Jan Existing Home Sales
➡️ Friday: Jan CPI Inflation
Plus: 5 Fed speaker events throughout the week, more government shutdown data incoming.
💥 Biggest crypto mover: Friday’s CPI inflation- sets tone for Fed outlook & risk sentiment. #Crypto #BTC #ETH
⚠️ Bitcoin Alert!
44% of BTC supply is now in loss, a zone that’s historically marked the beginning of bear market phases, according to CryptoQuant.
#Bitcoin#BTC#CryptoMarkets