🚨HERE'S THE REAL REASON BITCOIN IS TRAPPED IN ONE RANGE
If you are wondering why
$BTC keeps trading around $65K to $75K no matter how many people try to push it
I have the answer for you.
And it likely resolves into today’s options expiry.
Here's what's actually going on
Bitcoin is sitting right under a critical options pin level around $74K.
That's the max pain price on Deribit.
And with BTC trading near $66,500 right now, the market is still well below that level.
ABOVE THAT LEVEL
Market makers lose the same reason to keep price pinned, upside opens up, and BTC can start moving more freely.
BELOW THAT LEVEL
The picture stays bearish, bulls fail to reclaim max pain, and bears keep the upper hand into the close.
That'ss why price keeps snapping back to the same area over and over again. It is not because of traders.
Now look at why every rally keeps failing.
A huge $14 BILLION in Bitcoin options expires on Deribit today.
That one fact explains a lot.
Because when price trades this far below max pain into a major expiry, the whole structure starts working against a clean breakout.
That's why every move higher keeps getting rejected.
On the downside, the $65K area is still doing the opposite.
Price keeps finding support there.
That's why Bitcoin looks trapped.
This creates a tight range that feels completely normal on the surface, but it is not stable at all.
The reason this matters now is timing.
Once we get past today’s expiry, that pinning pressure will be gone.
Not because people suddenly change their minds, but because the forces holding price in place are gone.
$BTC $USDC #Alishba_Sozar