Bitcoin options data points to an interesting outcome after this week’s $1.9B expiry

To prevent a prospective loss of $380 million due to the monthly Bitcoin (BTC) choices expiration, Bitcoin bulls need to make sure Bitcoins cost trades above $27,000 by Aug. 25. The unexpected 12% correction in Bitcoins cost from Aug. 14 to Aug. 19 certainly took bullish financiers off guard, as evident from the Deribit Bitcoin choices interest chart.Bitcoin options aggregate open interest for Aug. 25. Offered Bitcoins repeated drops below the $26,000 assistance level from Aug. 21 to Aug. 23, it would not be surprising if this level was checked again prior to the options expiration.

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The upcoming $1.9 billion Bitcoin monthly choices expiry on Aug. 25 is key to specifying whether the $26,000 support level will hold. To prevent a possible loss of $380 million due to the regular monthly Bitcoin (BTC) alternatives expiry, Bitcoin bulls must make sure Bitcoins cost trades above $27,000 by Aug. 25. The unforeseen 12% correction in Bitcoins rate from Aug. 14 to Aug. 19 certainly took bullish financiers off guard, as evident from the Deribit Bitcoin choices interest chart.Bitcoin choices aggregate open interest for Aug. 25. If Bitcoins rate remains near $26,500 at 8:00 am UTC on Aug. 25, just $35 million worth of these call (buy) options will be offered. Offered Bitcoins duplicated drops below the $26,000 assistance level from Aug. 21 to Aug. 23, it wouldnt be surprising if this level was checked again before the alternatives expiry.