Bitcoin options worth $7.9 billions will expire this Friday, with $75,000 being a key battleground price
According to ChainCatcher, the Bitcoin options market will see about $7.9 billion worth of options expiring this Friday, with approximately $395 million in call options concentrated around the $75,000 strike price.
The current funding rate has turned negative, reflecting an overall bearish positioning in the market; if the price continues to hold above this key level, the potential risk of a short squeeze may intensify.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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