$13.6B in Bitcoin options expire Friday — Can bulls push BTC price to $100K?
Can this week’s $13.6 billion Bitcoin options expiry trigger a BTC price rally to $100,000 and beyond?
Bitcoin is set for its largest monthly options expiry of 2024, with a total exposure of $13.6 billion.
This event provides bulls with a pivotal opportunity to push Bitcoin’s (BTC) price above $100,000, making it crucial to assess the impact of call (buy) and put (sell) options set to expire on Nov. 29.
The S&P 500 has struggled to maintain levels above 6,000 over the past three weeks, signaling growing investor caution. This shift in sentiment is reflected in the United States five-year Treasury yield, which has declined from 4.35% on Nov. 15 to the current 4.12%.
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Author: Marcel Pechman
