Bears aim to pin Bitcoin price below $46K leading into Friday’s $3B BTC options expiry
Cointelegraph
Published Sep 23, 2021 01:30PM ET
Updated Sep 24, 2021 06:20PM ET
This week's combination of bearish factors was enough to bring Bitcoin's (BTC) price down to its lowest levels in 46 days, and this nearly obliterated 86% of the $2 billion September call (buy) options that expire on Sept. 24.
There's still room for some surprises, especially considering the deadline is 8:00 UTC on Sept. 24. However, the incentives for the bears seem small because the sub-$40,000 test on Sept. 21 caused less than $250 million in futures contracts liquidations.
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Written By: Cointelegraph
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