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Bitcoin Holds Below $118,000 as Massive Options Expiry Tests Post-Fed Rally

Persistent ETF inflows support the market despite a narrow range ahead of a record Deribit expiry.

Overview

  • Bitcoin is consolidating around $115,000–$117,000 after failing to clear resistance near $117,200–$118,000, with some analysts warning that a close below key supports could open a path toward ~$105,000.
  • Roughly 30,000 BTC in options (about $3.53 billion) are expiring on Deribit today, with a max pain level near $114,000 and a recent dip in the put‑call ratio suggesting potential short‑term volatility into settlement.
  • U.S. spot Bitcoin ETFs have recorded sustained net inflows, totaling about $2.8 billion since September 9, with additional daily gains reported this week that traders cite as structural price support.
  • Fidelity Investments was reported to have purchased about 836.75 BTC (~$97.7 million), a data point circulated by on‑chain trackers and trade‑press reports that reinforces the current institutional demand narrative.
  • Ethereum trades near $4,600 with bullish chart setups and shrinking exchange supply, while the Remittix presale is heavily promoted with claims of roughly $26 million raised, a wallet beta, CertiK verification, and BitMart/LBank listings.