Bitcoin Price Volatility Alert as 50K BTC Options Open Interest Expires

cointelegraph.com
2 min read
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49,400 BTC is set for expiry in what could already be setting the scene for continued Bitcoin price pressure, data suggests
Bitcoin (BTC) has fallen 4% in the past 24 hours, but its losses may be down to an old culprit which has already sparked market volatility and selling pressure.

According to data from online monitoring resource Skew, March 27 will see the expiry of Bitcoin options open interest worth 49,400 BTC ($328 million).

BTC price choppy after $7K rejection

By far the largest expiry from now until the end of June, the event may already be pressuring BTC/USD, which saw rejection at $7,000 on Thursday.

Having fallen to lows of $6,495, the pair is now trading at around $6,640, but has so far failed to gather momentum to crack $7,000 resistance.

Bitcoin options open…
William Suberg
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