In the last 24-hours Bitcoin (BTC) price dropped 10% today to test the $30,000 support. This drop below what traders have described as a ‘key’ support occurred just two days ahead of this month’s futures and options expiry.
Despite the record-high $4 billion options expiry being just two days away, both bull and bear sides traded similar sizes today.
Unlike futures contracts, options are divided into two segments. Call (buy) options allow the buyer to acquire BTC at a fixed price on…
… Continue Reading at: cointelegraph.com [source]