Bitcoin price volatility expected ahead of Friday’s $430M BTC options expiry

Buckle up buttercup. Bitcoin is barreling like a bucking bronco.

) has been stuck below the $18,600 resistance for the past 19 days and while bears successfully breached the $16,000 support on Nov. 21, the 8% range is pretty narrow for an asset class with 60% annualized volatility.

available on Dec. 2 for call and put instruments varies, depending on the expiry price. The imbalance favoring each side constitutes the theoretical profit:600 calls vs. 3,100 puts. The net result favors the put instruments by $40 million.1,700 calls vs. 1,400 puts. The net result is balanced between calls and puts.6,200 calls vs. 100 puts. The net result favors the call instruments by $110 million.8,600 calls vs. 0 puts. The net result favors the call instruments by $160 million.

During bear markets, it’s easier to negatively impact Bitcoin price due to the outsized effect negative newsflow has on the crypto market.on Nov. 28, triggering concerns in the community.

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