There is deep attention on the Bitcoin (BTC) price at the moment following the approval and launch of the spot Exchange Traded Fund (ETF) tracking the product.
Bitcoin (BTC) Price Prediction
With expectations that the digital currency will benefit from the spot Bitcoin ETF emergence, Samson Mow, a market expert and founder of investment firm Jan3 has tipped Bitcoin price to touch $1 million in days or weeks in alignment with his prior bullish call for the top coin.
Taking to his official X account, Samson Mow sparked a debate when he declared that Max Pain Theory is still in play for Bitcoin. According to a definition of this concept by Upstox, the Max Pain Theory “states that on expiry day, the price of the underlying index/stock moves toward a point that results in maximum loss (pain) to the highest number of options buyers. Alternatively, it also means a minimum loss to option sellers.”
Here, the high-value holders of Bitcoin push the selloff to the point where the asset becom
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