Reported 6 days ago
Today marked a historic milestone in the cryptocurrency market as over $14 billion worth of Bitcoin options contracts expired, accounting for 70% of the total Open Interest in BTC options. This significant event may lead to increased market volatility, with traders eyeing the next expiration date of January 31, which will see approximately $5.48 billion in options expire. Experts predict potential price fluctuations, mentioning a 'max pain' level of $84,000 for Bitcoin, indicating where option holders may suffer maximum losses.
Source: YAHOO