Bitcoin Eyes $10.4–10.5K Support as Traders Turn Cautiously Bearish Ahead of Sept. 26 Options Expiry

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Greek.live researcher Adam posted on social media that market sentiment is cautiously bearish, with participants advising against bottom fishing until a clear trend reversal emerges. Market actors are watching the Bitcoin support band at $10.4–10.5k and the technical threshold for Ethereum near $4,000, remaining vigilant ahead of the quarterly settlement on September 26.

COINOTAG cited Deribit data indicating the options expiry on September 26 includes BTC options with a $17.47 billion notional, a put/call ratio of 0.74 and a maximum-pain point at $110k, and ETH options with a $5.48 billion notional, a put/call ratio of 0.76 and a maximum-pain point at $3,700.

Market participants are monitoring these metrics for potential short-term volatility, prioritizing support tests and risk management over initiating fresh long positions in the run-up to the settlement event.

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Source: https://en.coinotag.com/breakingnews/bitcoin-eyes-10-4-10-5k-support-as-traders-turn-cautiously-bearish-ahead-of-sept-26-options-expiry/