Рынок опционов угрожает волатильностью: эксперты предсказывают коррекцию биткоина ниже $100,000 Translation: Options Market Threatens Volatility: Experts Predict Bitcoin Correction Below $100,000

Open interest in options for the leading cryptocurrency has reached all-time highs. Timothy Misir, head of research at BRN, cautioned about an increase in volatility, as reported by The Block.

At the time of writing, Bitcoin is trading around $109,400, «testing investors’ patience» below the purchase price of short-term market participants, the expert noted. He identified an intraday range between $109,500 and $107,200.

According to Misir, the options market has come to the forefront. Open interest has set a historical maximum, with dealers facing increased demand for puts.

The analyst warned that this situation compels major players to continuously adjust their positions, which could result in sharp price movements even with minor market fluctuations.

The digital gold has failed to surpass $113,000 several times, triggering selling pressure from «weak hands.» Should the price drop below $108,000, it could initiate a more significant correction down to $104,500, and potentially to $97,000 in the longer term.

Mixed investor sentiments have already been reflected in Wall Street’s behavior, Misir emphasized. In the last trading session, Bitcoin ETFs lost $101 million.

Additionally, $18.7 million was withdrawn from Ethereum-based instruments.

Experts from QCP Capital also highlighted that the ongoing U.S. government shutdown, which has now lasted for three weeks, has negatively impacted the market. This has resulted in the postponement of the release of several key economic indicators, including the consumer price index, which is scheduled for October 29.

Specialists believe that a figure of 0.2% will support the upward momentum of the leading cryptocurrency.

Additionally, Jeffrey Kendrick, head of digital asset research at Standard Chartered, predicted a decline in Bitcoin to $100,000.