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$1.1B in Bitcoin options expire on Friday, but data points to a sub-$55K BTC price
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Bitcoin (BTC) bulls are still licking their wounds from the bloody Dec. 4 correction which saw the price collapse from $57,000 all the way to $42,000. This 26.5% downside move caused $850 million in long BTC futures contracts to be liquidated, but more importantly, it shifted the “Fear and Greed index” to its lowest level since July 21.
It is somehow strange to compare both events, as the July 21 sub $30,000 low would have erased the entire gains in 2021. Meanwhile, the $42,000 low from Dec. 4 is
Read more on cointelegraph.comAbout this in other media
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2 key Bitcoin trading metrics suggest BTC price has bottomed cointelegraph.com /2 years ago
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