Bitcoin rally stalls after massive $9.6B options expiry
Covered by 3 sources · 3 articles
3 outlets - including Crypto-economy, Cryptotimes and Crypto - are covering this story. TL;DR Bitcoin fell below $64,000 as roughly 149,000 options worth $9.6 billion expired with maximum pain fixed at the same key level. Call-heavy positioning favored higher strikes, but weak demand prevented BTC from sustaining gains above $…
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Bitcoin Slips Under $64K as $9.6B Options Expiry Settles Into Key Strike Levels
TL;DR Bitcoin fell below $64,000 as roughly 149,000 options worth $9.6 billion expired with maximum pain fixed at the same key level. Call-heavy positioning favored higher strikes, but weak demand prevented BTC from sustaining gains above $…
Bitcoin Price Slips Below $64,000 as $9.6B Options Expiry Settles
Bitcoin price action on the day reflected the mechanical pressures typical of large options settlements, with Bitcoin gravitating toward the key strike level as dealers adjusted hedges.
Bitcoin rally stalls after massive $9.6B options expiry
Bitcoin options worth $9.6 billion expired near $64,000 as low volatility and uneven capital inflows limited a clear price breakout.