Bitcoin remained resilient despite the options expiry, peaking above $97,330 one hour after the year’s last options expiry event.
Bitcoin price remains resilient despite the last options expiry of the year, which threatened a significant correction below $85,000.
Over $14.2 billion worth of Bitcoin (BTC) options expired at 8:00 a.m. in UTC on Dec. 27, with a ‘max pain’ point of $85,000, which indicates the price at which most options contract would expire worthless.
The market experienced a total of $18 billion worth of Bitcoin and Ether (ETH) options expiry, according to Deribit Exchange’s Dec. 26 X post, that wrote:
