26,000 Bitcoin Options Expire, Valuing $2.67 Billion: Market Reverses Course

A significant amount of Bitcoin options expired on [Date], worth a notional value of $2.67 billion. This event has led to a neutral-to-bearish market sentiment among traders as many bearish options expired worthless. Bitcoin surged past the $100,000 mark following this surge in activity. Insights from Adam from Greeks.live suggest the majority of these expiring options were bearish, causing a significant shift towards bullish sentiment. While market liquidity remains high, there’s anticipation for more positive trends in future cycles.