🚨 $2.4 BILLION IN BITCOIN OPTIONS EXPIRE TODAY — AND PPI IS COMING TOO
Friday is a double volatility trigger: ~$2.39 BILLION in BTC options expire at 08:00 UTC, with max pain sitting at $76,000 — while BTC trades near ~$71,600, its lowest since August. 👀
Then at 13:30 UTC, US October PPI drops — after hot CPI already pushed December hike odds to ~90%. The Nov 13 $74,000 put is the most traded contract on Deribit as traders hedge the downside.
Does expiry day finally set BTC free — or does PPI send it under $70,000? 👇
#Bitcoin #BTC #Crypto
Friday is a double volatility trigger: ~$2.39 BILLION in BTC options expire at 08:00 UTC, with max pain sitting at $76,000 — while BTC trades near ~$71,600, its lowest since August. 👀
Then at 13:30 UTC, US October PPI drops — after hot CPI already pushed December hike odds to ~90%. The Nov 13 $74,000 put is the most traded contract on Deribit as traders hedge the downside.
Does expiry day finally set BTC free — or does PPI send it under $70,000? 👇
#Bitcoin #BTC #Crypto