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Bitcoin's price has skyrocketed to $99,340.23, teetering on the edge of a historic $100,000 milestone.

If you're sitting there thinking, "Should I jump in now?" you’re not alone.

But here’s the kicker: while the headlines scream institutional dominance, it’s actually retail investors who are holding 88.07% of all Bitcoin.

Yes, the so-called little guys still have their hands on the steering wheel.

But wait—this story gets juicier.

Today, a whopping $2.84 billion in Bitcoin options contracts are set to expire, and if you’ve been tracking crypto markets, you know that options expiry days are like shaking a snow globe—chaos ensues.

🌋 What’s Driving Bitcoin’s Massive Surge?

Let’s break down the catalysts behind Bitcoin’s meteoric rise:

1. Political Tailwinds: The recent U.S. presidential election has sparked optimism for a more crypto-friendly administration. Investors are betting big on regulatory clarity paving the way for mass adoption.

2. Institutional Bets: Spot Bitcoin ETFs are seeing record inflows, with big money diving headfirst into the market. Institutions may not hold the majority of Bitcoin, but their moves are undoubtedly setting the tone.

3. Bullish Sentiment: Retail and institutional investors alike are riding this wave of optimism. Everyone seems to agree—Bitcoin is on fire.

If Bitcoin at $100K—What’s Next? 

While crypto soars, savvy investors are also eyeing another opportunity: whiskey.

Why? Its demand is booming, and unlike Bitcoin, whiskey isn’t just resilient—it’s drinkable (and profitable!).

You can schedule a free call with their advisor today to see if this is for you too.

The Rising Demand for Whiskey: A Smart Investor’s Choice

Why are 250,000 Vinovest customers investing in whiskey?

In a word - consumption.

Global alcohol consumption is on the rise, with projections hitting new peaks by 2028. Whiskey, in particular, is experiencing significant growth, with the number of US craft distilleries quadrupling in the past decade. Younger generations are moving from beer to cocktails, boosting whiskey's popularity.

That’s not all.

Whiskey's tangible nature, market resilience, and Vinovest’s strategic approach make whiskey a smart addition to any diversified portfolio.

Schedule a call with a Vinovest advisor to learn more.

💥 The Options Expiry Bomb

Here’s where it gets spicy: today’s 29,000 Bitcoin options contracts are equivalent to $2.84 billion, with the max pain point sitting at $86,000.

Translation?

If Bitcoin drops to this level, it’s a bloodbath for many traders.

On the flip side, the $100K strike price is holding a staggering $2.2 billion in open interest. If Bitcoin hits six figures, it could trigger even more FOMO buying.

And it’s not just Bitcoin.

Ethereum options worth $550 million are also expiring today, bringing the grand total for crypto options expiry to $3.4 billion. That’s a lot of leverage hanging in the balance.

But here’s the kicker: November 29, 2024, is lurking around the corner with an even bigger bang.

A jaw-dropping $9 billion in crypto options contracts are set to expire. Bigger expiry events mean bigger volatility spikes.

🎯 My Take: Smart Money Rules

Look, it’s clear the market is heating up, but this is also prime time for whales and institutions to flex their muscles.

Don’t think for a second they’re sitting idle while retail investors celebrate $100K. Smart money is already positioning itself for the next move.

The $99K-$100K level is a psychological barrier, and whales love to manipulate these zones to shake out weak hands.

Price pumps to trap FOMO buyers or sharp corrections to liquidate overleveraged longs are part of the game.

Here’s what I think: the current momentum is strong, but we’re in dangerous territory.

A sharp correction is likely as soon as the market overheats, especially with the November 29 expiry on the horizon.

Smart money will be watching retail sentiment—and so will I.

📈 My Swing Trading Strategy

Here’s what I’m doing next:

1. Keep It Tight: I’m tightening my stop-loss levels. At these price points, I won’t risk being caught in a sudden dump.

2. Watch for Key Zones: I’m setting alerts at $98K and $101K. If we breach $100K convincingly with volume, I’ll ride the wave short-term, but I’m also prepared to short aggressively if price stalls or gets rejected near $100K.

3. Track Open Interest: The $100K strike price has massive open interest. I’m watching options data closely—if we see a surge in liquidations, I’ll use that as an opportunity to enter counter-trend trades.

4. Prepare for Post-Expiry Moves: Historically, price action becomes clearer after options expire. I’ll wait for market direction post-expiry before making big moves.

5. Scout Order Blocks: Using smart money concepts, I’m identifying recent order blocks as potential entry/exit zones. Whales love these zones, and so do I.

🔍 Why This Matters for You

This isn’t just about price hype; it’s about how you play the game.

The market is volatile, yes, but volatility creates opportunities—if you know what you’re doing.

Big whales and institutions are leveraging smart money strategies to outmaneuver retail traders.

That’s why my strategy is simple: trade with them, not against them.

Bitcoin at $100K might feel like uncharted waters, but the same rules apply.

Use the data, understand market sentiment, and don’t get swept up in the hype.

Whether you’re trading or HODLing, remember: in crypto, timing is everything.

🔔 Found this valuable? Let’s keep winning together!

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Stay sharp and stay profitable.