Bitcoin, Ethereum, Dogecoin Trading Flat: 'Friday Is A Big Day For Bitcoin—Options Expiry Could Lead To Upside Volatility'

Cryptocurrency markets are trading sideways as BlackRock leads total U.S. Spot Bitcoin ETF net inflows.

Notable Statistics:

• IntoTheBlock data shows an increase of 11.5% in large transaction volume and a decrease of 5.1% in daily active addresses. Transactions greater than $100,000 are down from 8,444 to 8,367 in a single day. Exchanges netflows fell by 242.6%.
• Coinglass data reports 46,541 traders liquidated in the past 24 hours for $103.91 million. Bitcoin short liquidations stood at $3.17 million, the lowest since Sep.14.
• Crypto chart analyst Ali Martinez stated that Bitcoin whales sold more than 20,000 BTC, worth $1.28 billion, in the past 24 hours.

Notable Developments:

Top Gainers:

Trader Notes: With Bitcoin prices trading relatively flat, crypto chart analyst Ali Martinez marked $63,300 as Bitcoin's most important support level. If it holds, the crypto king can rise to $65,500, but if it doesn’t, it could dive to $60,365.

Stockmoney Lizards sees Bitcoin as "frontrunning the cycle." The current levels are aligning with the previous cycle.

Looking ahead, Coin Bureau CEO and co-founder Nic predicts Friday as the big day for Bitcoin with $5.8 billion in options expiring with 21% "in the money". He stated that the expiry could lead to upside volatility.

Nic added, "The "max pain" price is $58,000 which means dealers may be attempting to hold down spot prices to inflict max losses on buyers."

Crypto Bully advises, "Let’s buy the dip on leverage, All-time high soon."