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Fresh Bitcoin price highs put bulls in profit for Friday’s $1.2B BTC options expiry
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Every time a new Bitcoin (BTC) all-time high is formed, excessive expectations follow. This time was no different as its price briefly touched $69,000 in the early hours of Nov. 9.
Bitcoin 8h, we got our November 9th historical correction, seems to be very minor for now. Naturally I expect at bigger correction after we hit the 84k region, and then into blast off.$BTC #Crypto #Bitcoin pic.twitter.com/cfbBkOIFEK
Words are just words, so there’s no loss from being excessively bullish or bearish, but in options markets there’s a cost for placing those bets. For example, on Nov. 10, a right to buy Bitcoin (call option) at $100,000 on Dec. 31 is trading at BTC 0.022, or $1,460. For this privilege the investor pays an upfront fee which is also
Read more on cointelegraph.comAbout this in other media
Traders expect Ethereum price to drop further ahead of Friday’s $550M options expiry cointelegraph.com /3 years ago
Bitcoin price seesaws beneath $60K as anticipation builds for fresh BTC 'short squeeze' cointelegraph.com /3 years ago
Here’s why bears hope to pin Bitcoin under $60K ahead of Friday’s $1.1B options expiry cointelegraph.com /3 years ago
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