) futures options are set to expire on April 12, signaling potential downside price volatility that could see Bitcoin fall to the $69,000 mark.
Despite the maximum pain point, Bitcoin won’t necessarily fall back to its old all-time high, according to Hao Yang, global head of derivatives trading at Bybit exchange, who told Cointelegraph: Periods close to the expiration of options are often characterized by increased price volatility in the crypto markets. Yet, Yang added that he doesn’t expect more volatility, pointing out the relatively small size of Friday’s options expires. He said:
Bitcoin price action was flat in the 24 hours leading up to 10:25 am UTC when Bitcoin was trading at $70,725. The world’s first cryptocurrency was up 5.9% on the weekly chart, according toBitcoin could still see increased downside price volatility due to external macroeconomic factors, but not necessarily because of the upcoming options expiry, according to Andrey Stoychev, the head of Prime Brokerage at Nexo.
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