$6 Billion Of Bitcoin Options Expiring


After another week of bitcoin price volatility, including a new all-time high, a new record of options expiring on March 26 could play a key role in price action and the continuation of this volatility moving into the coming days.

Options are a contract for the right to purchase or sell an asset at a specific price. According to data analytics company Bybt, there are over 100,000 BTC — the equivalent of $5,574,000,000 (given the bitcoin price of $55,740 at the time of this writing) — of options set to expire this Friday, March 26, across numerous major exchanges. This will make for an interesting trading session leading into the weekend.



Source link

Related posts

Leave a Comment