#Bitcoin recent monthly highs vs final Friday (options exp date) monthly close:
November: 19,450 / 15,790
December: 25,400 / 22,500
January: 42,300 / 28,600
Feb: 58,000 / 43,800
March: 61,780 / ?? but 6 Billion expiring on Deribit alone this Friday & max pain @ 44k
The trend clearly shows that early month #BTC pumps are well designed traps intended to bait in monthly call buyers at the top before dumping into mean reversion toward’s month end
200 million of notional call value @ 80k strike expiring on Friday