Bitcoin bulls set to defend $13K as $450M in BTC futures expire Friday

A total of 62K Bitcoin (BTC) options are set to expire this Friday, and this is equivalent to $830 million in open interest. These massive numbers fail to reflect the fact that 58% of these options are now deemed worthless.

As we approach the expiry date, call (buy) options above the current level begin to depreciate very fast. It is not worth paying $20 for the opportunity to buy BTC at $14.5K on Friday morning. Therefore, rolling options to the next month is not that helpful.

October BTC…

Source link

About bitcoin

Check Also

From Bitcoin to Dogecoin: What’s Driving Cryptocurrencies’ Rise and the Challenges Ahead

Cryptocurrencies such as bitcoin, ether and dogecoin have surged to highs that few investors would …

Leave a Reply

Your email address will not be published. Required fields are marked *