Bitcoin Options contracts worth $6 billion are set to expire today as all eyes are set on Bitcoin price. Historically, Bitcoin Options expiry has turned out to be a bullish event as the past three months have seen BTC price first register a correction post expiry of contracts followed by a bounce-back of 80%, 99%, and 44% respectively.
6B in Bitcoin options contracts expire today, a record.
The last three months have seen price suppression into the close, followed by price increases of 80%, 99%, and 44%.
April has historically been the most bullish month for $BTC.
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Bitcoin price also shows higher volatility in the week leading up to the expiry of Bitcoin contracts which was evident as Bitcoin price fell to $50,818 yesterday falling over 6% for the day. The price has recovered since then and currently trading at $53,209 with a 2% rise over the past 24 hours. The month of March is also seen
