Volatility on the horizon, as 100,000 bitcoin options totaling $930 million set to expire on June 26, this Friday.
“The key thing to watch over the next few weeks is the Covid-19 related equities sell off,” Chris Thomas, head of digital assets at Swissquote Bank, told Coindesk.
“If markets react very negatively towards the increased Covid-19 cases, we may see more panic which could also pull bitcoin lower.”
Get your orders ready.