On Christmas day, about $2.3B worth of BTC will expire, making the week look volatile in the crypto world. Skew tweeted on Monday that 102k BTC will expire on Christmas day.
Holders can sell their BTC at the strike price (a specified price), and the price will be around $15k and $20k strike price. The volatility level is always on the rise when the Bitcoin option contract expires on Skew.
Major updates
- BTC option contracts expire on the 25th of December
- The expiry means holders will have to sell at the strike price
- The expiry will also make the BTC and crypto world more volatile
The value of BTC always fluctuates whenever events like this happen. The impact will be felt one or two days before the expiry date. BTC is in the middle of the bull market, and investors are putting in funds. Despite the fear of volatility, institutional demands will more likely reduce the impact.
