$7.9 billion Bitcoin options will expire this Friday, with $75,000 being a key level to watch.

BlockBeats News, April 20th, the Bitcoin options market will see a concentrated expiry of around $7.9 billion this Friday, with approximately $395 million in call options concentrated around a $75,000 strike price.

The current funding rate has turned negative, reflecting an overall bearish sentiment in the market; if the price continues to hold above this key level, the potential for a short squeeze risk may intensify.