Crypto Market in Decline: Expiration of $1.8 Billion in Options Intensifies Pressure
Bearish••Crypto Economy
The $1.85 billion options expiry on Deribit this Friday arrives right in the middle of the worst crypto week since July 2024. Bitcoin fell nearly 15% on the week and Ethereum more than 17%. Liquidations reached around $1.2 billion in 24 hours, with 76% corresponding to long positions.
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The original article is written in English.