Crypto market at risk of crash ahead of $28b options expiry
The crypto market retreated suddenly in the American session, erasing the gains made earlier during the day, as investors waited for the biggest options expiry of the year.
Summary
- The crypto market retreated suddenly as traders waited for the options expiry.
- Bitcoin and Ethereum options worth over $28 billion will expire today, Dec. 26.
- BTC technical analysis points to an eventual bearish breakout.
Crypto market braces for $28 billion options expiry
Bitcoin (BTC) price dropped below $87,000, down from the intraday high of $89,000. Similarly, Binance Coin (BNB), Dogecoin (DOGE), and Canton dropped by over 3% in the last 24 hours.
The retreat mirrored…
