Bitcoin’s $5.8B Quarterly Options Expiry May Spark Market Swings, Deribit Says

Bitcoin’s $5.8B Quarterly Options Expiry May Spark Market Swings, Deribit Says

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Source: Coindesk.com

A notable amount of bitcoin and ether open interest is set to expire "in-the-money" on Friday, setting stage for price swings, Deribit's Luuk Strijers said. Options beyond the Friday expiry exhibit a bullish bias for bitcoin and ether. BTC's max pain level of $59,000 may weigh over prices, analyst at Presto Research said.

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The post "Bitcoin's $5.8B Quarterly Options Expiry May Spark Market Swings, Deribit Says" appeared first here Coindesk.com.

Source: Coindesk.com

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