$1.1B in Bitcoin choices expire on Friday, however information factors to a sub-$55K BTC worth

$1.1B in Bitcoin choices expire on Friday, however information factors to a sub-$55K BTC worth

Bitcoin (BTC) bulls are nonetheless licking their wounds from the bloody Dec. 4 correction which noticed the price collapse from $57,000 all the best way to $42,000. This 26.5% draw back transfer brought on $850 million in lengthy BTC futures contracts to be liquidated, however extra importantly, it shifted the…
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Source: NEWSCCN
Posted: 11 minutes ago