BlockBeats News, April 25th, according to The Block, a Bitfinex analyst pointed out that based on the Bitcoin options expiration on Friday, the market is showing a mild optimistic sentiment. Although price volatility may still occur in the short term, traders are increasingly expecting Bitcoin to reach higher price levels in the second quarter of 2025.
The Bitfinex analyst stated in a briefing: "With the $90,000 strike price cluster being breached, option-implied upside resistance has diminished." They added, "Many market participants are currently shifting their targets to higher strike prices—calls at $95,000 and $100,000 are accumulating significant open interest for contracts expiring at the end of April and in May."
They also anticipate that inflows into a spot Bitcoin ETF (which have increased this week) could significantly impact Bitcoin's ability to sustain above $90,000.
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