Bitcoin (BTC) spiked through $31,000 on June 30 as a nearly $6 billion open interest expiry loomed.
Options expiry precedes day of BTC price triggers
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local highs of $31,268 on Bitstamp before returning lower.
BTC price performance improved into a key quarterly options expiry event, the second largest in Bitcoin’s history, with analysts keen to see its effect on markets.
“Will…
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