The bitcoin market may see significant activity as options contracts worth several billion dollars are set to expire, potentially leading to increased volatility.
Approximately 20% of the bitcoin options expiring are in-the-money, which could heighten market volatility as traders adjust their positions ahead of the expiration.
The bullish sentiment in options beyond Friday's expiry reflects a positive outlook for bitcoin and ether, indicating traders are optimistic about future price movements.
Traders often roll over profit-making positions to extend their holding periods, suggesting a strategic move intended to capitalize on favorable market conditions.
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