NFT Project Okay Bears Signs Licensing Deal With IMG
IMG has been appointed as the exclusive global licensing representative to launch consumer products and experiences for the Solana-based PFP project.
![image Coindesk](https://image.coinlive.com/24x24/cryptotwits-static/8fa45d5ea084a3dc4d04f3df57de4aa1.jpeg)
IMG has been appointed as the exclusive global licensing representative to launch consumer products and experiences for the Solana-based PFP project.
Bitcoin’s failure to break above $22,000 on July 8 opened room for bears to score a $100 million profit in this week’s options expiry.
Regulatory pressure and macroeconomic uncertainty continue to pin traders' sentiment and BTC price under $32,000.
Traders are calling for a “relief rally” to $35,000, but derivatives data shows bears stand to profit from this week’s $1.81 billion BTC options expiry.
Bitcoin is holding the $30,000 level, but the $640 million in BTC options that expire on May 20 could result in the price visiting recent lows.
BTC price is in a freefall and data suggests bears plan to keep the price below $30,000 until the May 13 options expiry.
Sellers are now ambushing above $49,000 as bulls avoid another dip towards the $43,000 support.
Bitcoin, altcoins and stocks rallied shortly after the Federal Reserve laid out its policy roadmap through 2022, but bears still have an advantage in this week’s $755 million options expiration.
$40,000 remains a hurdle for BTC price, but traders still agree that the current range is a zone for accumulation.
Mounting concerns about the state of the global economy and traders' risk-off sentiment continue to weigh on Bitcoin price.