According to cryptocurrency news outlet Odaily, approximately $23.6 billion worth of Bitcoin options are scheduled to expire this Friday (local time). This marks the largest options expiration in Bitcoin history.
Market analysis indicates that positions on the expiration date generally reflect upward expectations, with the maximum pain point (MP) at $96,000. The MP point represents the price level where buyers incur the greatest losses and sellers reap the greatest profits.
Analysts predict that this large-scale options expiration could exert short-term upward pressure on Bitcoin prices. The market is paying close attention to the potential for increased price volatility around options expiration.
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