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Biggest-Ever Bitcoin Options Expiry To Take Place Tomorrow
On Dec. 26, the largest expiration of Bitcoin options in history by "notional value" will take place. Tomorrow will likely be boring and choppy because big institutions are forcing the price to stay still to maximize their profits on expiring contracts. However, once that event is over and January begins, an explosive move upward could take place if there is no major bad news affecting the top crypto. Roughly $23.7 billion in BTC options are expiring. When you add Ethereumand others, the total is around $28 billion. Options are contracts that give traders the right to buy (calls) or sell (puts) Bitcoin at a specific ... (full story)