The $1.2 billion options wall came down, and this time Bitcoin actually moved

For most of the month, traders had a pretty good explanation for Bitcoin's refusal to budge. A dense cluster of options contracts, they argued, was holding the price in a cage between $60,000 and $65,000, with dealers buying dips and selling rallies to stay hedged. Friday's expiry cleared roughly $1.2 billion of that exposure, and […] The post The $1.2 billion options wall came down, and thi