The $1.2 billion options wall came down, and this time Bitcoin actually moved
For a lot of the month, merchants had a fairly good clarification for Bitcoin’s refusal to budge. A dense cluster of options contracts, they argued, was holding the worth in a cage between $60,000 and $65,000, with sellers shopping for dips and promoting rallies to remain hedged. Friday’s expiry cleared roughly $1.2 billion of that…
