On December 23, the thin market liquidity during the Christmas holiday, soaring precious metal prices draining liquidity, and the upcoming record options delivery have collectively led Bitcoin to remain below $90,000 today. Analysts warn that this Friday's record options expiration will amplify fluctuations. Approximately 300,000 BTC options contracts (with a notional value of about $23.7 billion) are set to expire on Friday, accounting for more than half of the total open contracts for Bitcoin on CEX. CEX's Chief Business Officer, Jean-David Pequignot, stated that this options delivery is “record-breaking,” with the combined expiration scale of BTC and ETH options reaching $28.5 billion, double that of the same period last year.
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Analysis: This Friday's record Options Delivery will amplify market Fluctuation, with a total of $28.5 billion in BTC and ETH options expiring.
On December 23, the thin market liquidity during the Christmas holiday, soaring precious metal prices draining liquidity, and the upcoming record options delivery have collectively led Bitcoin to remain below $90,000 today. Analysts warn that this Friday's record options expiration will amplify fluctuations. Approximately 300,000 BTC options contracts (with a notional value of about $23.7 billion) are set to expire on Friday, accounting for more than half of the total open contracts for Bitcoin on CEX. CEX's Chief Business Officer, Jean-David Pequignot, stated that this options delivery is “record-breaking,” with the combined expiration scale of BTC and ETH options reaching $28.5 billion, double that of the same period last year.