Bears aim to pin Bitcoin price below $46K leading into Friday’s $3B BTC options expiry By Cointelegraph
[ad_1]
Bears aim to pin Bitcoin price below $46K leading into Friday’s $3B BTC options expiryThis week’s combination of bearish factors was enough to bring ‘s (BTC) price down to its lowest levels in 46 days, and this nearly obliterated 86% of the $2 billion September call (buy) options that expire on Sept. 24.
The deadline for September 24th at 8:00 UTC is still a possibility of surprises. The incentive for bears is small considering that the Sept. 21 sub-$40,000 Test resulted in less than $250 Million in futures contract liquidations.
Bulls dominate BTC price but they are overconfident
Incentives are in place for bears to keep BTC below $46,000
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.
[ad_2]