About $1.7 billion in Bitcoin options are set to expire today, which is around 23,000 BTC. The put-call ratio is roughly 0.96, with a maximum pain level near $70,000.
The Bitcoin weekly RSI is getting close to significant levels, leading traders to focus on the potential for a bullish divergence as the RSI moves into that territory.
BTCUSD has broken past a 14-year support level, indicating a big technical shift. Traders are noting rising volatility and possible liquidity issues, alongside a need to adjust risk management and trading strategies.
After an eight-day rally, BTCUSD has surpassed $74,000. If it closes above that level, targets may reach between $80,000 and $85,000; however, there’s short-term resistance along a long-term trend line, and the broader trend remains downward.
Despite a recent price decline, the funding for BTCUSD perpetual futures showed positive averages but has now shifted to negative as short positions dominate.
A US Spot Bitcoin ETF saw net outflows of $90.2 million on Thursday, following $163.5 million in withdrawals on Wednesday, ending a period of inflows and marking two days of redemptions for BTCUSD.
Analyst Rastani pointed out a significant potential support zone for Bitcoin, estimating it could be between $59,000 and $46,000, and he believes new all-time highs might not be reached until 2026.
The BTCUSD RSI climbed from 21 to 33, reflecting a change in momentum, while the MACD crossover happened coincidentally as the BTC/Gold ratio hit a historic low. Specific price levels and volume figures weren’t given.
In the first half of 2026, Bitcoin is expected to trade flat or decline for about six months, with large holders and institutional investors accumulating assets while retail traders remain wary.
On Friday, a wallet from 2012 with 2,100 BTC executed a fund transfer, consolidating several UTXOs into one output and sending a minor amount to another address during periods of low transaction fees.
