Bitcoin's failure to break through the $27,500 resistance on May 15 has put bears in a better position for the May 19 expiry. Regulatory news has played a role in reducing investors' risk appetite, with Democrats in the US legislature seeking to cement the SEC's authority over crypto and the UK's Treasury Committee recommending regulating retail crypto trading and investment activity as gambling. The $735 million Bitcoin weekly options expiry on May 19 could determine whether the price falls below $26,000, with bears taking advantage of the negative regulatory environment and uncertainty caused by the risk of the US Treasury running out of funds. Traders should be cautious as bears are currently in a better position for Friday's weekly options expiry, favoring negative price moves.
The negative regulatory environment and uncertainty caused by the risk of the US Treasury running out of funds have put bears in a better position for the May 19 expiry. The $735 million Bitcoin weekly options expiry on May 19 could determine whether the price falls below $26,000. Investors should be cautious as bears are currently in a better position for Friday's weekly options expiry, favoring negative price moves. It is important to note that this article does not offer investment advice and readers should conduct their own research before making any decisions.
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