Bitcoin briefly reclaimed the $110,000 mark on Friday, Sept. 26, before easing, after an early dip toward ~$109K earlier in the day. The move comes into a chunky quarter-end options expiry that’s steering intraday swings.
Derivatives are the main storyline: roughly $22B in crypto options were set to expire into today’s settlement window, including more than $17B tied to BTC on Deribit, according to market reports. Positioning around that expiry has amplified moves inside a tight $108K–$113K band.
Context matters. Bitcoin set a fresh all-time high above $124,000 in August and has since been range-bound as flows cooled and macro data kept risk appetite in check. Recent notes also flag a “slowdown” in U.S. spot BTC ETF activity, with mixed prints this week adding to choppy tape.
Key levels to watch
- Immediate support: $109K (intraday shelf), then $108K.
- Near-term resistance: $110.5K–$112K; a clean break and hold above there would force short covering.
- Bigger picture: August ATH near $124,450 remains the upside reference if momentum returns.
Why this move matters
Quarter-end expiries can reset leverage and skew, sometimes unlocking direction into the next week. If BTC holds above the $110.5K–$112K band after settlement, momentum traders will look higher; lose $109K with volume and eyes shift back to the $108K area first.
Disclaimer
For paid/sponsored articles, FintechMode neither endorses nor takes responsibility for the accuracy, timeliness, quality, and content of said articles. The statements, views and opinions expressed in paid/sponsored articles are solely those of the content provider and readers are reminded that Cryptocurrency products are unregulated in most locations and can be highly risky. Do your own research and consult relevant financial experts before making any investment decisions. FintechMode will not be held accountable, either directly or indirectly, for any harm or loss that may stem from or be linked to the usage or reliance on any information, goods, or services mentioned on this page. If you have any concerns, please email [email protected] or refer to our Terms & Conditions
