Bitcoin is heading into the expiration of $15.9 billion in options on Deribit today, after a volatile week that saw it drop to $75,000 and recover to over $84,000.
The expiry comes with Bitcoin trading near $84,000, having retreated from an eight-month high above $87,000.
Traders have been building large butterfly structures betting on Bitcoin hitting $95,000 by the end of October, according to Deribit's own data.
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