Bitcoin options worth $6bn expiring today: what does it mean for investors?
Experts warn that in a bearish setup, prices of the world’s biggest cryptocurrency could fall towards the $44,000 level or even lower A record amount of bitcoin’s options contracts worth $6 billion are expiring today. Earlier, $4 billion in options contracts had expired in January. The action in the derivatives market is most likely to dictate the price trend in the cryptocurrency over the next few months. An options contract offers the buyer the opportunity to buy or sell—depending on the type of contract they hold—the underlying asset. Experts warn that in a bearish setup, prices of the world’s biggest cryptocurrency could fall towards the $44,000 level or even lower. However, in the event of no major fall, the digital asset outlook may turn bullish. The influence of the options market on bitcoin’s spot market has increased over the past few months. We tell you what the expiry means for investors and how they can position themselves in the market. Prices of bitcoin had crack...