$BTC 9.5Billion worth of BTC Options expired a few hours ago. How will these affect the market?
Since BTC is trading at the 70k zone during expiry, most of the calls will expire in the money. ๐
Since the strike price is lower than the actual market value, many will exercise the option and buy BTC at the strike price, generating profit. ๐ This is billions of buy orders in the next few hours or even days brother. ๐ฅณ Cheers.
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DYOR. NFA
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