BTC Black Friday: Bitcoin Pumps to $93,000 Before Sharp Pullback

The crypto market delivered serious volatility today as Bitcoin briefly reclaimed $93,000 before slipping back toward $91,000. While the move looks chaotic on the surface, the underlying drivers are clear — and surprisingly bullish.

Here’s everything unfolding across macro, crypto derivatives, and commodities, and what it means for the next move.

🚨 $15.4 Billion in Bitcoin & Ethereum Options Expire Today

This is the biggest driver of today’s whipsaw price action.

A massive $15.4B in BTC and ETH options contracts are expiring, creating heavy short-term volatility as market makers push price toward profit-maximizing levels.

What usually happens on expiry days:

• Strong pumps get sold into
• Short and long positions both get targeted
• Price gravitates to “max-pain” zones
• Breakouts often fail until after the expiry window closes

Today matches this pattern perfectly:
Bitcoin pushed to $93K, then got pulled back immediately.

Despite the dip, BTC staying above $90K during an expiry this large is a sign of underlying strength.

🇺🇸 87% Chance of a Fed Rate Cut — Major Macro Boost

Fresh data from Polymarket shows odds of a Federal Reserve 25 bps rate cut in December surging to 87%.

A rate cut would:

• Weaken the U.S. dollar
• Inject liquidity into markets
• Benefit risk assets like crypto
• Historically push Bitcoin higher

This is one of the strongest macro signals BTC has had in months — but expirations are masking its immediate effect.

🇺🇸 Trump Vows to Keep U.S. Markets at “All-Time Highs”

President Trump stated he will keep the stock market “at all-time highs.”

Why crypto cares:

• Trump is openly pro-Bitcoin and pro-crypto
• Equity market strength spills into crypto
• Risk-on appetite increases when political direction seems stable

This adds yet another bullish macro layer under the surface of today’s volatility.

🥈 Silver Hits a New All-Time High at $55

Silver reaching a fresh ATH of $55 is a strong indicator of rising demand for hard assets.

Historically:

• Precious metals move first
• Bitcoin follows shortly after as the “digital hard asset”

This reinforces the idea that investors are rotating toward inflation-hedging assets across the board.

🟧 Michael Saylor Calls It “Black Friday”

Michael Saylor posted a simple message:
“It’s Black Friday.”

Whenever Saylor posts like this, it typically reflects:

• Confidence in BTC’s long-term trajectory
• A suggestion that dips are buying opportunities
• A sentiment shift incoming

Saylor’s timing often coincides with market reversals.

📉 So Why Did Bitcoin Fall Back to $91K?

Because the market is still digesting the $15.4B options expiration.

Expirations override everything else — even bullish macro catalysts — because:

• Market makers hedge aggressively
• Volatility spikes
• Price is pushed toward max-pain zones

The good news?
This volatility usually ends once expirations are cleared.

📈 What to Expect Next

The key level to watch: $90K.

If BTC holds above $90K:

• Trend remains strong
• Bulls regain control after expiry pressure
• Move toward $95K–$100K becomes likely

If BTC dips below $88K–$89K:

• Short-term correction deepens
• But macro remains strongly bullish

Rate cut probabilities, rising commodities, Trump’s market stance, and fresh liquidity (including the recent $500M USDC mint) all point to a strong medium-term outlook for Bitcoin .

By TradingView - BTCUSD_2025-11-28 (1D)

 

Bitcoin’s move from $93K → $91K isn’t a rejection — it’s a classic options-expiration shakeout hiding an extremely bullish macro setup underneath.
Once today’s expiry dust settles, the real trend should reappear, and all signs suggest BTC may be gearing up for its next major attempt at $100,000.