Bitcoin Bulls Face Uphill Battle as $18.6B Options Expire Friday, $75K Target Looms
The article discusses the upcoming Bitcoin options expiry on Friday, involving $18.6 billion in contracts. For Bitcoin bulls to benefit from this expiry, the price needs to achieve a 6% rally, reaching $75,000 before the deadline. This indicates a significant challenge for traders aiming to turn the March options expiry in their favor. The current market conditions present an uphill battle for this price target to be met.
Never miss a Web3 update
Join our Telegram channel to receive news in real-time, straight to your phone.