Bitcoin Options Expiry Reveals Bearish Edge Below $90,000
- Options Expiry Impact: Bitcoin hovered near $89,000 as a $10.8 billion options expiry approached, with put options dominating below $90,000, indicating a lack of conviction for a breakout towards $95,000 despite rebounds from $87,000.
- Bearish Strategy Advantage: Deribit data revealed $6.6 billion in call options open interest versus $4.2 billion in puts, suggesting that bearish strategies maintained a mathematical edge below $90,000, reflecting stronger market expectations for downside movement.
- Rising Supply in Loss: On-chain data indicated an uptick in Bitcoin's Supply in Loss percentage, historically signaling the onset of bear markets, leading analysts to suggest that the current market structure may be transitioning towards bearish conditions.
- Liquidity Absorption: Despite bearish signals, Binance's Fund Flow Ratio remained at 0.016, indicating that large holders are not aggressively selling, which suggests controlled supply conditions and limits the likelihood of a sharp near-term decline.
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Technical Analysis for FLOW
Technical Sentiment Analysis for Flow (FLOW) As of , Flow (FLOW) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FLOW stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, FLOW is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Flow (FLOW) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00306 | 0.0194 | 0.0342 | 0.0505 | 0.0653 | 0.0816 | 0.0964 |
| Fibonacci | 0.0194 | 0.0313 | 0.0386 | 0.0505 | 0.0624 | 0.0698 | 0.0816 |
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