$23.7 billion worth of Bitcoin options will expire on Friday, with major positions concentrated around the strike prices of $85,000 and $100,000.
PANews reported on December 23 that, according to The Block, Bitcoin prices fell below $90,000 two days before Christmas, reaching approximately $87,400 on December 23, continuing a multi-week upward trend that stalled. The record-breaking options expiration this Friday was the main driver, with approximately 300,000 Bitcoin options contracts (with a notional value of about $23.7 … Read more
