imageCryptocurrency14 hours ago (Jul 31, 2020 03:20PM ET)

$1.2B Bitcoin Futures and Options Contracts Just Expired — What’s Next?

A total of 106,000 Bitcoin (BTC) futures contracts and options expired today, and this has investors curious about how BTC price may respond, leading into and after the expiry.

Bears were not expecting the most recent run to $11,000, especially after two months of sideways trading activity.The 52% increase in Bitcoin futures’ aggregate open interest increase in July indicates that sellers are either excessively confident or mostly using it for hedge and arbitrage opportunities.

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$1.2B Bitcoin Futures and Options Contracts Just Expired — What’s Next?

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