Prepare for High Bitcoin Volatility as $10 Billion Options Expiry Approaches
The cryptocurrency market is bracing for significant volatility as approximately $13 billion in options expiring on Friday loom on the horizon. This pending expiration has led to heightened scrutiny of Bitcoin’s price action, with predictions of wild fluctuations both before and after the expiry. Stakeholders are weighing whether this event will propel Bitcoin towards the much-discussed $100,000 mark or lead to a swift downturn. The outcome hinges on market sentiment and traders’ strategies as the expiration date draws near. Investors are encouraged to stay alert to the potential market shifts that could emerge from this critical event.
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