Market Makers in ‘Fear Mode’ Before Friday’s $ 575 Million Bitcoin Options Expiration By Cointelegraph
Market Makers in ‘Fear Mode’ Before Friday’s $ 575 Million Bitcoin Options Expiration
On June 4, a total of 15,530 (BTC) the options expire, representing $ 575 million in open interest. Right now, the bulls are still heavily affected by the 37% BTC price correction in May, which has led most of the calls (calls) to be underwater.
Despite the accident, Bitcoin’s active supply hit a five-month low, because 45% of the parts have not been moved during the last two years. This indicator shows that investors who bought until the bull run of 2019 are unwilling to sell at current prices.
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