Bitcoin Price Prediction: Metaplanet Expands BTC Credit Strategy
Bitcoin Price Prediction: $BTC Holds Near $64K Ahead of Options Expiry
BTC price today sits around $64,372, up over 2% in the past 24 hours. This bitcoin price prediction looks at fresh options data, ETF flows, and liquidation numbers to see where BTC may head next.
Traders are watching closely. A big options expiry lands today, and next week's US inflation data could shake things up too.
Why is bitcoin price going up today?
A mix of factors is pushing bitcoin news today into bullish territory.
Cooling US jobless claims have eased recession fears. Talks between the US and Iran have also calmed some geopolitical nerves.
On top of that, seasonality trends in July have historically favored BTC price gains. This is fueling the current bounce.
What does the BTC options expiry mean for price?
Today's $BTC options expiry carries a notional value near $158.7 million. Total open interest stands at 2,469.9 contracts.
Metric | Value |
Call Open Interest | 1,366.3 |
Put Open Interest | 1,103.6 |
Put/Call Ratio | 0.81 |
Max Pain Price | $63,000 |
Notional Value | $158.7M |
Call volume of 13,312.80 beat put volume of 10,632.10 over the last 24 hours. That gives a put/call ratio of 0.80, close to the open interest ratio of 0.81.
This points to a neutral to slightly bullish mood among options traders.
Where is the max pain price for $BTC?
Max pain sits at $63,000. That's the price where option holders lose the most money at expiry.
Heavy call buildup shows near the $64,000 to $65,000 strikes. Open interest peaks close to 250 contracts around $65,000.
Puts cluster mostly at $60,000 and $62,500. That looks like modest downside hedging rather than aggressive bearish bets.
Net takeaway: price may stay range-bound between $63K and $65K as expiry nears, even with bullish undertones building.
$BTC price forecast: what does the chart pattern show?
As per Javon Marks, a widely shared BTC chart shows price forming a large bull wedge and flag-like structure since 2025. Price has been grinding lower inside this pattern for months.
The recent low near $61,659 sits close to the pattern's converging point. Some chartists argue a breakout from this structure could open the door to a fresh bullish leg for bitcoin price.
That said, patterns don't guarantee outcomes. A breakdown from the wedge remains just as possible if support fails.
How much is bitcoin's production cost right now?
According to trader Crypto Patel, bitcoin's current production cost is near $61,800. Historically, BTC has rarely traded below this cost for long stretches.
This cost level roughly lines up with the recent BTC low. It may explain some of the buying interest seen at lower prices this week.
What do ETF flows and liquidations show?
Spot BTC ETFs saw a net outflow of $95.3 million yesterday. Fidelity's FBTC led outflows with over $63.2 million leaving the fund, though VanEck's HODL saw inflows.
Spot ETH ETFs recorded a $52.08 million net outflow, breaking a five-day streak of inflows.
CoinGlass data shows 56,951 traders were liquidated across the market in the past 24 hours. Total liquidations reached $211.17 million.
The single largest liquidation order hit Bitget's BTCUSDT_UMCBL pair, worth $10.89 million.
Derivatives data also shows a long/short ratio of 1.073 over 24 hours, with Binance BTC/USDT top traders leaning long at a 1.36 ratio.
Metaplanet expands bitcoin strategy with new credit system
As per the official tweet, Japanese bitcoin treasury firm Metaplanet announced a new partnership on July 10. It will work with JPYC Inc. and Progmat to build a digital credit system using BTC and stablecoins.
The plan, called Project NOVA, treats BTC as productive collateral rather than a passive holding. Metaplanet Securities will help structure and distribute the resulting financial products.
There's no issuance approval yet. The companies still need to review product design, legal issues, and technical viability before moving forward.
This move adds to a growing trend of public companies treating bitcoin as a working balance sheet asset, not just a store of value.
Bitcoin price prediction: key levels to watch
Level | Price |
Recent High | $64,372 |
Max Pain (Expiry) | $63,000 |
Production Cost | $61,800 |
Recent Low | $61,659 |
Call Wall | $65,000 |
For now, Bitcoin price forecast models suggest consolidation between $63,000 and $65,000 is the most likely near-term path. A clean break above $65,000 on strong volume would strengthen the bullish case going into next week's CPI and PPI data.
Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets are highly volatile and involve significant risk. Always do your own research and consult a licensed financial advisor before making investment decisions.
