Krutika Adani
The crypto markets will witness a massive $4.7 billion options expiry for Bitcoin.
There will be marketwide liquidations in positions as options expire on May 31st.
At press time, Bitcoin was trading at $68.2k, with a gain of 2% and a trading volume of $27 billion in the last 24 hours.
Since crypto markets take price cues from futures and options positions, an expiry leaves the market uncertain for a while.
Markets typically tend to be volatile during expiries, so it is best not to trade during these times.
Investments tend to absorb these shocks better than leveraged trades, which are the most affected on expiry dates.