Bitcoin price is up 10% in seven days, shattering $67,000 threshold on Friday. Over $120 million in total liquidations recorded across crypto market. $2.1 billion worth of Bitcoin and Ethereum options expire today. A stable close above $67K would indicate a change in market structure Bitcoin price continues to show strength even as the market prepares for the weekend.
worth of #Bitcoin & #Ethereum options expire today. — wallstreetbets alerts May 17, 2024 For the layperson, a significant amount of cryptocurrency derivative contracts have reached their expiration date on the same day. These options contracts give the holder the right, but not the obligation, to buy or sell a specified amount of Bitcoin or Ethereum at a predetermined price on a future date.