Bears aim to pin Bitcoin price below $46K leading into Friday’s $3B
![Bears aim to pin Bitcoin price below $46K leading into Friday’s $3B BTC options expiry](https://d1-invdn-com.investing.com/content/pic24310f4f6394379df35f41b16e376bc1.jpg)
Bears aim to pin Bitcoin price below $46K leading into Friday’s $3B BTC options expiry
This week’s combination of bearish factors was enough to bring ‘s (BTC) price down to its lowest levels in 46 days, and this nearly obliterated 86% of the $2 billion September call (buy) options that expire on Sept. 24.
There’s still room for some surprises, especially considering the deadline is 8:00 UTC on Sept. 24. However, the incentives for the bears seem small because the sub-$40,000 test on Sept. 21 caused less than $250 million in futures contracts liquidations.
Bulls dominate BTC price but they are overconfident
Incentives are in place for bears to keep BTC below $46,000
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Read More: Bears aim to pin Bitcoin price below $46K leading into Friday’s $3B