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CryptoIntelligence 2024-11-23 09:48:10

Bitcoin Edges Closer to $100,000 Amid Options Expiry

Bitcoin remains on track to hit the $100,000 milestone despite concerns surrounding Friday’s near $2.7 billion options expiry, which raised fears of a potential correction below $85,000. On Nov. 22 at 8:00 am UTC, over $2.67 billion worth of Bitcoin options contracts expired, with a “max pain” point of $85,000, as highlighted in a Nov. 21 post from Deribit exchange. Bitcoin hit an all-time high of $99,523 at 7:30 am UTC, just 30 minutes before the options expiry, but subsequently dipped to $97,805, according to Cointelegraph data. BTC/USD Performance Despite the short-term pullback, the $2.6 billion options expiry is unlikely

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