$13 billion worth of BTC options contracts are set to expire tomorrow, the 26th, and BTC's price action over the next couple of days is likely heavily influenced by this. Notably, 78% of the call options are priced above $72,000.
On the surface, it looks like there's a lot of long positions, but it actually feels like these bulls are stuck at those lofty levels. There's a high probability they'll expire worthless...$BTC
On the surface, it looks like there's a lot of long positions, but it actually feels like these bulls are stuck at those lofty levels. There's a high probability they'll expire worthless...$BTC