$1.4B Bitcoin Options Expiring Today: Where is BTC Price Heading Next?
Arslan Butt is a professional live webinar speaker and derivatives (cryptocurrency, forex, commodities, and indices) analyst. He brings a broad range of skills to help beginners evaluate financial...
As $1.4 billion in Bitcoin options expire today, the Bitcoin price faces a critical juncture. With current levels hovering around $58,500, market participants closely monitor whether Bitcoin can hold its support or slip further.
This option’s expiry may spark significant volatility, particularly as the “max pain point” sits at $59,500, slightly above the current Bitcoin price, creating tension between bullish and bearish forces.
Bitcoin saw a modest rebound to $58,500 on August 15, though it remains within a bearish range. The recent price fluctuations are attributed to the expiration of numerous options contracts, with a key focus on whether Bitcoin will hold its support level.
The $1.4 billion in Bitcoin options expiring on August 16 is less significant than last week’s expiry, which might limit its immediate impact on spot markets.
The “max pain point” for this expiry is $59,500, slightly above current prices, adding pressure on both bulls and bears.
$1.87 billion worth of crypto #options is set to expire today
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