Here’s why Bitcoin bulls will defend 42K ahead of Friday’s 3.3B BTC options expiry
1. Between $39,000 and $42,000: 6,300 calls vs. 6,300 puts. The net result is balanced between the call (bull) and put (bear) instruments. 2. Between $42,000 and $44,000: 8,700 calls vs. 4,600 puts. The net result favors bulls by $175 million. 3. Between $44,000 and $45,000: 10,600 calls vs. 4,300 puts. Bulls boost their gains to $280 million.
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