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$475M in Bitcoin options expire this week — Are bulls or bears poised to win?

08/11/2022

Less than a minute

2022.08.11 15:49

$475M in Bitcoin options expire this week — Are bulls or bears poised to win?

Bitcoin (BTC) has been posting higher lows for the past eight weeks, but during this time, BTC has not been able to flip the $24,000 resistance to support on at least three different opportunities. This is precisely why the $475 million Bitcoin options expiry on Aug. 12 might be a game changer for bulls.

Considering the current regulatory pressures in play, there seems to be a good enough rationale for avoiding bullish bets, especially after the U.S. Securities and Exchange Commission pressed charges against a former Coinbase (NASDAQ:COIN) manager for illegal securities trading on July 21.

08/11/2022

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