🔥 Next week there will be a very large event with #Bitcoin
📅 On December 26, the market will witness the largest Bitcoin options expiration ever.
💰 Total value of expiring contracts: approximately 93.8 billion USD, primarily occurring on the Deribit exchange.
📌 Noteworthy:
Many contracts are 'betting' on a price of $BTC around the mark of 96,000 USD.
👉 If by December 26 the price of BTC is not near this mark, then most of those contracts will become worthless (buyers lose fees).
⚖️ Therefore, the price range of 96,000 USD is considered the most important mark in the coming week, where the market will closely monitor the movements of Bitcoin.
💪 It is highly likely that the price of BTC will experience significant fluctuations around this area before and after December 26.
BTC
89,825.05
+2.23%