Bitcoin's $22.6 billion monthly options expiry shows bullish sentiment, especially if the asset maintains its support level at $112,000. As of now, call options outnumber puts, indicating traders' optimism, yet macroeconomic factors could still impact the outcome negatively. The options data reveals that $6.6 billion in open interest exists for calls at $120,000 and above, contrasting with $1.4 billion in active put options primarily clustered below $110,000. Currently, traders are eyeing a potential price target between $107,000 and $115,000, with various scenarios favoring either the bulls or the bears based on market movement. Key economic releases ahead may dictate short-term sentiment in the market, but for now, the expiry is tilted towards bullish outcomes, while risks remain for a drop under $112,000.

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