Bitcoin options data shows sub-$17K BTC price gives bears a $200M payday on Friday
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Bitcoin (
Bulls probably have less margin to support the price
Bitcoin bulls need to push the price above $19,000 on Friday to avoid a potential $140 million loss. On the other hand, the bears’ best-case scenario requires a slight push below $17,000 to maximize their gains.
Bitcoin bulls just had $352 million leverage long positions liquidated in two days, so they might have less margin required to support the price. In other words, bears have a head start to pin BTC below $17,000 ahead of the weekly options expiry.
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