Bitcoin braces for $6.4B options expiry Friday
Bitcoin traders are preparing for approximately $6.44 billion in BTC options to expire on Deribit at 08:00 UTC on Friday, Aug. 28, following the cryptocurrency’s rapid advance from approximately $62,000 to $80,000. Summary 81,700 Bitcoin options worth roughly $6.44 billion expire Friday at 08:00 UTC on Deribit’s platform. Calls total 44,639 contracts versus 37,061 puts,…
