Source: CryptoSlate ↗
The $1.2 billion options wall came down, and this time Bitcoin actually moved
What the source reports
For most of the month, traders had a pretty good explanation for Bitcoin's refusal to budge. A dense cluster of options contracts, they argued, was holding the price in a cage between $60,000 and $65,000, with dealers buying dips and selling rallies to stay hedged. Friday's expiry cleared roughly $1.2 billion of that exposure, and […]The postThe $1.2 billion options wall came down, and this time B...
Read the original report on CryptoSlate ↗Live market context
Market figures are live reference data, not evidence that this report caused a price movement. Not financial advice.
Related news
Open news desk →Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Bitcoin rally faces key test at $68,000 as 'summer slumber' grips crypto, analysts say
BTC has rebounded 15% from the July lows, but some analysts cautioned that the next move hinges on clearing a level where many recent buyers may look to sell.
Winklevoss twins gave Trump’s super PAC $10 million 23 days after CFTC joined Gemini relief bid
Matching FEC rows name Gemini because it liquidated the same bitcoin, not because the exchange donated another $10 million.The postWinklevoss twins gave Trump’s super PAC $10 million 23 days after CFTC joined Gemini relief bidappeared first onCryptoSlate.