Bitcoins next Big move could come on Christmas Day

Quick take

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  • On Christmas Day, around $2.3 billion worth of bitcoin futures are set to expire which could potentially trigger a volatile week in the days following throughout the market.
  • Skew, a crypto data provider went on Twitter earlier this week reporting that more than 100,000 bitcoin options will be expiring on Friday, Christmas Day.

On Christmas Day, around $2.3 billion worth of bitcoin futures is set to expire which could potentially trigger a volatile week in the days following throughout the market.

Skew, a crypto data provider went on Twitter earlier this week reporting that more than 100,000 bitcoin options will be expiring on Friday, Christmas Day.

For those that don’t know, option contracts will allow holders to buy and sell bitcoin at a specific price. This is otherwise known as a strike price.

This is an event that has been particularly tied with volatility. The expiry date of bitcoin option contracts is worrying for some throughout the community. Investors who are currently in profit though could decide to receive the payout and dump the cryptocurrency instead.

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