Major Milestone: 53% Of Bitcoin Options Just Expired
Another major milestone for the king of crypto:
53% OF BITCOIN OPTIONS JUST EXPIRED, MARKING A HISTORIC MILESTONE
- Bitcoin and Ethereum just saw their largest respective options expiry ever, marking a major milestone for the cryptocurrency market
- This expiry took place earlier today and it did not coincide with any intense volatility, despite what some analyst had forecasted
- It now appears that the volatility associated with this event did occur earlier this week
- It is possible that the options expiry, and investors’ anticipations about it, helped fuel the recent Bitcoin decline to lows of under $9,000
Bitcoin just saw its largest options expiry ever. This marks a major milestone for the benchmark digital asset, as its options market has been growing at a rapid pace throughout 2020. Until recently, the market dynamics seen were largely influenced solely by margin trading, but an evolving landscape signals that options and futures both may play a larger role in how Bitcoin trades going forward.