Dealer Hedging Puts Bitcoin $80,000 Zone in Focus

Bitcoin's $6.44 billion Deribit options expiry could pin BTC near $80,000 or amplify a breakout as dealer hedging intensifies into Friday. The large expiry event creates a potential pivot point for price action, with traders watching for volatility around the strike zone. BTC's direction may hinge on how dealers adjust positions ahead of the options settlement.