Bitcoin Options Expiry: Volatility Ahead

Bitcoins monthly options expiry looms this Friday, following a steep price drop and subsequent recovery. Over 153,000 Bitcoins are set to expire, with 92,692 call options and 61,886 put options. The focus is on the $80,000 mark, a key level for those betting on a price decrease. Despite higher call options, these are unlikely to be exercised due to Bitcoins current value. Investor sentiment remains fearful, and large out-of-the-money positions could lead to further price volatility.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.