Will Crypto Markets Fall Further When $6.3B Bitcoin Options Expire?
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About 85,500 Bitcoin options contracts with a notional value of roughly $6.3 billion will expire on Friday, May 29, an unusually large end-of-month expiry that could increase volatility in spot markets. Crypto markets have seen roughly $120 billion exit this week as Bitcoin weakens and Ether is sharply down, creating near-term downward pressure on prices and activity across trading venues, DeFi and DEX liquidity.
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Around 85,500 Bitcoin options contracts will expire on Friday, May 29, with a notional value of roughly $6.3 billion. This event is larger than usual for the end of the month, so it may affect spot markets.
Crypto markets have been in decline all week, with around $120 billion leaving the space as Bitcoin continues to weaken and Ether gets crushed.
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