12 Hrs
Source:
الاقتصادية
Bitcoin at risk as $10B options expire
Bitcoin is facing strong pressure due to the approaching expiration of options contracts worth nearly $10 billion on Deribit, the largest cryptocurrency options trading platform. As Bitcoin's price drops to its lowest level since October 2024, and as the contracts betting on higher prices exceed the break-even point, this is expected to cause sharp price fluctuations before the contracts expire, amid declining liquidity and broad economic pressures. The market continues to exhibit divergent sentiments between those betting on price increases and those anticipating declines, with expectations that these changes will become more evident in July following the clearing of financial positions.
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