24 Hrs
Source:
الاقتصادية
Bitcoin faces major drop as $10B options expire
Bitcoin is facing significant pressure as the expiration of options contracts worth nearly $10 billion approaches on Deribit, the largest cryptocurrency options trading platform. The market is awaiting the results of this expiration, which is expected to cause price volatility, especially as Bitcoin has fallen to its lowest level since October 2024. Currently, bets are primarily betting on further price declines rather than rises, amid declining liquidity and a rising interest rate environment that is exerting pressure on digital assets. The clearing of positions before expiration is seen as potentially leading to sharp price movements, but the overall trend still leans toward a long-term downward outlook.
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