The Bitcoin market is gearing up for a significant event: a $10.1 billion options expiry on December 29. Call options, indicating a bullish sentiment, currently hold an advantage. However, bears could limit their losses by pushing Bitcoin below $42,000. The Deribit options market has $7.7 billion in open interest, followed by CME with $1.38 billion. This expiry comes amid expectations of a spot Bitcoin ETF approval in January, influencing market dynamics. The total open interest for these options is $10.1 billion, but the actual impact could be less as recent price rallies caught bearish investors off guard.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
