Christmas Day Derivatives Expiry Could Deliver The Gift Of Dangerous Bitcoin ...

Christmas Day Derivatives Expiry Could Deliver The Gift Of Dangerous Bitcoin ...

Bitcoin price is still trading within striking distance of $20,000, however, momentum could be turning toward the downside after the critical resistance was unable to be broken again. Interestingly, the first-ever cryptocurrency has found itself at a similar price as 2017, and a similar point in December. The last instance led to a substantial over […]


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Bitcoin headed for Christmas volatility as 100K BTC options expire

The Bitcoin futures market has a major expiry date on Friday. In a Monday tweet, crypto data provider Skew reported that 102,200 Bitcoin (BTC) options will expire on Friday.Options contracts allow holders to buy or sell Bitcoin at a specific price, which is known as the strike price. The Friday expiry has notable clusters around the $15,000 strike price and the $20,000 strike price, according to Skew. BTC options expiry dates by SkewThe expiry date of Bitcoin options contracts is widely regarded as a volatile event for the flagship cryptocurrency because, as the expiry nears, holders....