$6.4 BILLION worth of Bitcoin options have just expired.
BTC has rallied from around $62K to $80K while those positions were active.
With the contracts now cleared, traders are positioning around a completely new price range.
The next few sessions could bring some serious volatility. 👀
$80K is the key level I’m watching closely. #GoldRisesAbout14%InAugust #TaiwanTAIEXRetakes46500OnChipRally #NvidiaTrades$33.5BInFirst140Minutes $BTC
BTC has rallied from around $62K to $80K while those positions were active.
With the contracts now cleared, traders are positioning around a completely new price range.
The next few sessions could bring some serious volatility. 👀
$80K is the key level I’m watching closely. #GoldRisesAbout14%InAugust #TaiwanTAIEXRetakes46500OnChipRally #NvidiaTrades$33.5BInFirst140Minutes $BTC
