Bitcoin traders watch $32K ahead of Friday's $330M BTC options expiry
Cointelegraph
Published Jul 22, 2021 03:05PM ET
Updated Jul 22, 2021 10:40PM ET
This Friday's weekly Bitcoin (BTC) options expiry currently holds a $330 million open interest. Considering the recent struggle to regain the $32,000 support, this event is an important test of bulls' willingness to display reversion signs.
On July 21, Alameda Research announced that the company made Bitcoin purchases below $30,000, and Sam Trabucco, the firm's quantitative trader, mentioned that the narrative for BTC could turn bullish because of the ongoing fear, uncertainty and doubt (FUD) caused by the China BTC mining ban, Grayscale GBTC unlock and recovery in stock markets.
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Written By: Cointelegraph
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