On Dec. 27, the largest crypto options expiry to date totaled $28 billion. According to analysts, $87,000 is the strongest short-term support based on current holding structure.
On Dec. 27, the largest crypto options expiry on record reached $28 billion in notional value. Bitcoin fell from $89,000 to below $87,000 before stabilizing at $87,405. Analysts cited $87,000 as the strongest short-term support based on the current holding structure.