Bitcoin, the leading cryptocurrency, failed to maintain its gains following the FED decision and retreated back to the critical $80,000 level. While it remains to be seen whether BTC will experience further declines, attention in the cryptocurrency market has turned to high-volume option contracts expiring tomorrow.
These options are particularly significant because they fall on the last Friday of both the week and the month.
According to weekly data, approximately $11 billion worth of Bitcoin options will expire on the Deribit derivatives exchange on October 30th.
