Crypto Weekly News Round Up
The week in crypto; March 26th:
BeInCrypto Weekly News Round-Up: March 26, 2021
On Friday, March 26, a record $6 billion worth of BTC options were set to expire, according to data from cryptocurrency market analysts Bybt. The massive figure is a result of a sustained increase in open interest on BTC options market-wide.
However, BTC has struggled over the past week, its price dipping to nearly $50,000 on March 25. There is suspicion this drop might result from options traders pushing the price lower ahead of the expiration. Then, after expiry, they buy or sell the asset depending on the price level. This is colloquially known as the “max pain” method. If this is the case, perhaps BTC could see a bump over the weekend.
Full article here: https://beincrypto.com/beincrypto-weekly-news-round-up-march-26-2021/