$930 million in Bitcoin options expire next Friday Is there time to worry?
Much attention has been paid to the Bitcoin futures and options market, and every week the crypto media report record numbers of open interest. As the expiration date of other futures and options approaches, traders are becoming anxious due to the fact that the Bitcoin price (BTC) has consistently failed to pass the $10,000 mark. To date, more than 100,000 Bitcoin Up options, totaling $930 million, are set to expire on June 26, and this figure represents almost 70% of their total open interest. On June 15, Bitcoin's price dropped to $8,900, and this led investors to wonder if professional...