Avinash Shekhar, Co-Founder & CEO, Pi42 said that the impact of a large $14 billion options expiry today added short-term pressure and volatility to the market, the risk-off sentiment has intensified after U.S. President Donald Trump issued a ‘get serious’ warning to Iran, escalating tensions and weighing on the crypto market.
Also Read | Equity mutual funds lose up to 48% on SIP investments in FY26. Have you added any to your portfolio?However, despite this near-term weakness, underlying signals suggest this is not a trend reversal, Shekhar further said.Shekhar further said that at the same time, the options market continues to point toward higher levels, with the $75,000 zone acting as a potential magnet once current volatility subsides and this is because a large concentration of options is positioned around higher strike levels, which can influence price action and draw Bitcoin toward these levels as expiry-related pressure eases. Overall, while short-term volatility persists, the broader structure remains constructive.
In the last 24 hours, Bitcoin and Ethereum were down 3.95% and 3.97% respectively. Among the major altcoins, BNB, XRP, Solana, Dogecoin, Hyperliquid and Cardano slipped upto 8.02% whereas Tron was up 1.95%.
Despite the recent pullback, Bitcoin continues to trade within a $50K–$70K range for nearly 50 days. While some see this as a bearish pattern, the steady support at lower levels and ongoing accumulation suggest the market remains strong beneath the surface, said WazirX Market Desk.Also Read | Sebi simplifies gifting of mutual funds. Here’s what it means for investors
At this level, BTC reflects a market that is stable but not yet showing breakout strength. nvestors should stay disciplined and avoid overtrading near resistance. Wait for a stronger move above $70,000–$72,000 before increasing exposure, said Vikram Subburaj, CEO, Giottus.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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