Bitcoin unfazed by $2.6B options expiry, maintains rally toward $100K
The Bitcoin price started falling 30 minutes before the options expiry, but market watchers don’t expect significant downside.
Bitcoin remains on track to the $100,000 mark despite investor concerns about Friday’s near $2.7 billion options expiry, which threatened a correction below $85,000.
Over $2.67 billion worth of Bitcoin (BTC) options contracts expired on Nov. 22 at 8:00 am UTC, with a “max pain” point of $85,000, according to a Nov. 21 X post from Deribit exchange.
Options expiry. Source: Deribit
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Author: Zoltan Vardai
