25,000 Bitcoin options are set to expire today, threatening BTC's $110K phase

  • Bitcoin (BTC) has been changing hands above $110,000 since the early hours of Thursday. Yet, analysts are predicting that the expiration of over 25,000 BTC options contracts on the derivatives market today, a notional value of approximately $2.81 billion, could drag the top coin by market cap down to the recently breached all-time high level.