Here’s why $16.5K is critical for November’s $1.14B Bitcoin options expiry

Here’s why $16.5K is critical for November’s $1.14B Bitcoin options expiry

Market Analysis
November 24, 2022 by secret
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[ad_1] Bitcoin (BTC) faced a 7.3% drop between Nov. 20-21 as it tested the $15,500 support. While the correction seems small, the movement has caused $230 million in liquidations in futures contracts. Consequently, bulls using leverage came out ill-prepared for the $1.14 billion monthly options expiry on Nov. 25. Bitcoin investors’ sentiment worsened after Genesis