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$11 billion in Bitcoin options are set to expire this week, potentially triggering significant price volatility.
Bitcoin traders are bracing for potentially sharp price swings this week as $11 billion in options are set to expire, Bloomberg reported. These options, expiring on October 30, account for approximately one-third of all open Bitcoin options on the Deribit platform. The approaching U.S. midterm elections could also add more uncertainty to the crypto market. Bitcoin has recently been hovering around $80,000.
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