Bitcoin Could Reach $98,000 in 2 Days: 'Wait for the Price Movement in This Direction!' - Coin Bulletin

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**PowerTrade announced that the "max pain" level is $98,000 as the end of February approaches, with approximately $5 billion in nominal open positions.

As we move towards the end of February, Bitcoin (BTC)** options traders have lost their attention. PowerTrade stated that the **"max pain" level for February 28 is set at 98 thousand dollars and that there is 5 billion dollars of face value open interest at this level. This means that the highest open interest in the market is concentrated at this level, and market makers may want to keep Bitcoin close to this price.

"With the end of the month approaching, Bitcoin options traders should be careful. The max pain level is $98K and this level has a massive nominal value of $5 billion. This means that market makers are incentivized to keep Bitcoin close to this price. Expect increased volatility and the possibility of a price pullback towards this level*".

The strategy of market makers and the impact of max pain

Max pain refers to the price level at which option sellers make the highest profits and buyers suffer the biggest losses. Currently, $98K is about $10K above Bitcoin's spot price. This divergence points to the potential for options sellers to drive the market up to push the price up.

In particular, the expiration of the BTC options contract worth about 5 billion dollars on the Deribit exchange on Friday, February 28, at 11.00, may further increase volatility in the markets. Investors may expect fluctuations in prices and a possible move towards the 98,000 dollar level this week.

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6222vip
· 02-26 17:30
Just go for it💪
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RefuseMoneyLaunderingvip
· 02-26 15:06
SB
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