Crypto
$15 Billion in Bitcoin Options Expire Friday Amid Bullish Sentiment
Roughly $15 billion in Bitcoin options are set to expire on Deribit at 4:00 AM ET on Friday. This is a significant event that may impact the price of Bitcoin. Analyst Ali Martinez believes that the double bottom pattern suggests the $82,500 neckline will hold as support, with his target remaining $100,000.
About $4.7 billion in positions sit between $50,000 and $85,000, while 98% of sell options are set to expire worthless. This indicates that bulls are firmly in control at the moment.