Bitcoin Steady Above $40K as Traders Eye US Growth Data, $5.8B Options Expiry
• Bitcoin holds above $40K ahead of US GDP data and options expiry worth $5.8B • Dollar index trades flat ahead of US Q4 GDP figures, expected to show growth slowing to 2% • Traders reassess chances of early Fed rate cuts amid ongoing inflation crisis • Bitcoin options worth $3.75B expire Friday on Deribit, ether options worth $2.07B • Max pain point for BTC options is $41K, ETH options is $2.3K, theory says sellers try to move spot prices there