Record Bitcoin Options Expiring Putting Presssure on Price
The highest amount of Bitcoin options ever is set to expire this Friday, which might put some temporary selling pressure on the largest cryptocurrency. $5.5B in options contracts come due tomorrow, according to derivatives data platform Bybt. Options are investment contracts which give traders the right but not the obligation to sell or buy a…
By: Owen Fernau •
DeFi
The highest amount of Bitcoin options ever is set to expire this Friday, which might put some temporary selling pressure on the largest cryptocurrency. $5.5B in options contracts come due tomorrow, according to derivatives data platform Bybt. Options are investment contracts which give traders the right but not the obligation to sell or buy a…
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