Here’s why bulls aren’t bothered by Friday’s $525M Bitcoin options expiry
Cointelegraph
Published Nov 11, 2020 08:22PM ET
Updated Nov 11, 2020 10:00PM ET
On Nov. 13, a total of $525 million in Bitcoin (BTC) options open interest is set to expire. This is similar to last week when $470 million in options open interest also expired. This presents somewhat unusual activity as most volume goes through monthly and quarterly options.
On Nov. 5 (last Friday), put (sell) options open interest was 30% larger than call (buy) ones. Deribit exchange holds $431 million open interest for this Friday's expiry and Bit.com has $72 million.
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Written By: Cointelegraph
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