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$600M in Bitcoin options expire on Friday, giving bears reason to pin BTC under $16K
No one can blame Bitcoin (BTC) bulls for placing bets at $20,000 and higher for the $600 million weekly options expiry on Nov. 18. However, the base scenario changed abruptly on Nov. 8 after a liquidity crisis halted withdrawals on the FTX exchange. Between $16,500 and $17,500: 1,700 calls vs. 6,100 puts. The net result favors the put (bear) instruments by $75 million. Even so, this oversimplification disregards more complex investment strategies. Source: Cointelegraph #Bitcoin
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