I’m hearing alot of folks saying BTC will dump because of options expiring on 12/31. First, please understand how options work. I won’t go into that here.
For BTC option contracts expiring this Friday (12/31/2021), most of them are call options with a strike price of $50k and above. If BTC is above $50k, contract holders will have the right to buy BTC at $50k. If BTC is below $50k, these contracts will expire worthless, and the MM’s who sold these contracts will keep their premiums. So they will try to keep the price below $50k.
BTC does not have to dump since its price is well below $50k already.
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