Bloomberg "Bitcoin May See Monthly Decline for the First Time in 4 Months"

There is an analysis suggesting that the price of Bitcoin (BTC) may show a monthly decline for the first time in four months.

Bloomberg reported on the 27th that "according to its own data, Bitcoin prices may record a monthly decline for the first time in four months this month." Bloomberg stated, "Bitcoin is struggling to maintain above $100,000," and "other cryptocurrencies like Ethereum (ETH) are also failing to find a clear rebound momentum."

Previously, Bitcoin surged to $108,358 (about 160 million KRW) on the 18th of this month, hitting a new high for three consecutive days. However, it has since shown a downward trend and is trading at around $95,000 as of the morning of the 27th.

The cryptocurrency market is focusing on the expiration of the largest-ever Bitcoin options contracts due today. At the derivatives exchange Deribit, 146,000 Bitcoin options contracts are set to expire at 3 PM (KST) today. This accounts for 44% of Deribit's total open interest, amounting to $14 billion (about 20 trillion KRW). Regarding this, Sean McNulty, head of trading at cryptocurrency trading firm Arbelos Markets, said, "Significant volatility may occur."