Bitcoin options traders are gearing up for a $14 billion expiry, with most call options above $91,000, putting pressure on bulls. Despite recent losses, year-end call options near $100,000 show bullish expectations. Weak economic data and declining US consumer confidence suggest a bearish sentiment may prevail.

Aggregate BTC call options open interest totals 104,300 BTC, valued at $9.12 billion, with 84% placed above $91,000. Put options open interest stands at 67,877 BTC, or $5.92 billion, with 31% set at $84,500 or lower. ADP’s job loss report and declining consumer confidence add to the bearish outlook.

Gold and small-cap index rise as investors anticipate Federal Reserve intervention amid weak economic data. Trump signs executive order to boost AI development. Bitcoin traders increase year-end call options in the $100,000 to $112,000 range, signaling optimism. $89,000 is the key level to determine Bitcoin’s momentum.

Five possible scenarios for November BTC options expiry: $85,000-$87,000 favors put options, $87,001-$88,000 favors put options, $88,001-$89,000 is balanced, $89,001-$90,000 favors call options, $90,001-$92,000 favors call options. Bullish BTC options strategies remain relevant amidst macroeconomic conditions and stimulus expectations.

Read more at Cointelegraph: $14B Monthly Bitcoin Options Expiry Puts A Cap On BTC Price