Bitcoin options expiry can trigger BTC price fluctuations as large positions are settled, influencing market dynamics.
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The Bitcoin price started falling 30 minutes before the options expiry, but market watchers don’t expect significant downside.
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The Bitcoin price could experience significant downside volatility unless it manages to recover above $60,000 before the options expire on Aug. 16.
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The total OI notional value for all outstanding BTC options contracts is $19 billion.
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