Crypto Daily – With as much as $13 billion in options about to expire on Friday, the market is closely watching the movement of , which is expected to be highly volatile, both before and after the event. Could this options expiry push the price to $100,000, or will $BTC head in the complete opposite direction?
Low max pain price level, but scarcity wins the day
Options are due to expire later on Friday, and many market spectators are keenly awaiting the event. The max pain price for the expiration is currently sitting at around $80,000, which is obviously a very low price given the current $BTC price at just above $96,000. However, even if there was a sudden drop in price, the supply/demand dynamics would likely see the price being bought up again, given Bitcoin’s incredibly scarce supply.
Advantages and disadvantages of options expiry
The monthly options expiry is always eyed with keen interest by the larger market players. There are advantages to the event,…
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