How much are bitcoin options worth?

around $10,000 to over $60,000. Bitcoin options contracts—allowing investors to buy or sell the cryptocurrency at a specified price within a set time period—worth around 100,000 bitcoin, or almost $6 billion at today's prices, will expire on Friday, according to data from cryptocurrency analytics provider Bybt.

What are bitcoin options contracts?

Around 130,000 bitcoin options contracts-bets on the future bitcoin price that allow traders to buy or sell the cryptocurrency at a specified price within a set time period-are set to expire on Friday, according to Skew data first reported by Coindesk.

Will Bitcoin prices tap $80,000 by May 2021?

A number of options traders are betting that bitcoin prices will tap $80,000 by May 2021. Meanwhile, over 100,000 bitcoin options worth more than $6 billion are set to expire on Friday, smashing the previous record expiry seen in January.

Will bitcoin options expire?

Over $6 billion worth of Bitcoin options are set to expire this Friday, a record-breaking amount for Bitcoin options. The event is prompting suggestions that options traders might try to apply "max pain" to the cryptocurrency market before expiry. Nevertheless, indicators suggest that the current market dip is being bought with enthusiasm.