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.

Full article here: https://bitcoinist.com/53-of-bitcoin-options-just-expired-marking-a-historic-milestone/