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$15B In Bitcoin Options Expire Friday As Analyst Eyes $100,000

Published by
Anjali Belgaumkar

Roughly $15 billion in Bitcoin options expire Friday at 4:00 AM ET on Deribit, with bulls firmly in control. About $4.7 billion in positions sit between $50,000 and $85,000, while 98% of sell options are set to expire worthless. Analyst Ali Martinez said Bitcoin’s double bottom pattern suggests the $82,500 neckline will hold as support, with his target remaining $100,000.

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Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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