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Bitcoin is trading near $75,000 as it approaches a $7.9 billion Deribit options expiry this Friday. Heavy call interest at $75,000 and negative gamma could lead to increased price volatility. Negative funding rates indicate a short buildup, raising the risk of a squeeze above $75,000. The market is watching key levels at $75,000, $62,000, and max pain near $71,000. Traders are assessing how this expiry may impact Bitcoin’s next move.
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