How Will Markets React When $2.7B Bitcoin Options Expire Today?
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On Dec. 19, approximately 31,000 Bitcoin options contracts worth $2.7 billion are set to expire, but this is expected to have a minimal impact on the currently declining spot markets. The ongoing sell-off is attributed to regulatory delays in the US, a crackdown on Bitcoin mining in China, and concerns over potential interest rate hikes by the Bank of Japan.
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Around 31,000 Bitcoin options contracts will expire on Friday, Dec. 19, and they have a notional value of roughly $2.7 billion. This expiry event is smaller than average, so it will not impact spot markets, which have been sliding lower all week.
Various factors have contributed to the continued sell-off, including another Chinese Bitcoin mining crackdown, delayed crypto market regulations in the United States, and fear over the Bank of Japan hiking rates.
