If Bitcoin breaks $62k over the weekend, a $1.1B short overhang stands ready to pull price down to $60k

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Bitcoin settled near $62,900 after Deribit settled roughly $9.6 billion in monthly options contracts. The key level to watch this weekend is $62,000: a sustained break would target $60,000, where a put option holds $1.17 billion in open interest. A rebound above $65,300 would reopen the $66,000 and $68,000 zones as upside targets. US-listed spot Bitcoin ETFs recorded $233.1 million in net inflows on July 30, bringing cumulative net inflows to approximately $51.64 billion.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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