Bitcoin remains stable above $107,000 as a significant options expiry approaches, with 38% of BTC options contracts set to expire soon at a max pain price of $102,000. The latest data reveals Bitcoin trading at $107,500, reflecting a slight decrease of 0.2% over the last day, while the broader CoinDesk 20 index saw a 0.9% decline. Jean-David Péquignot from Deribit noted that the options open interest stands at $40 billion, indicating traders currently lack a clear directional bias, supported by a put/call ratio of 0.73. Implied volatility for Bitcoin has fallen to 38%, suggesting increased market confidence in its role as a macro hedge. With $105,000 identified as a key support level, potential risks could emerge if this level is breached. Concurrently, several crypto stocks showed gains on Thursday, with Core Scientific climbing over 33% amid acquisition speculation by AI Hyperscaler CoreWeave. Other firms like Circle, Coinbase, Riot Platforms, and Hut 8 also witnessed increases between 5-7%.

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