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Bitcoin bulls aim to capture $45K leading into Friday’s $890M BTC options expiry

Published 03/03/2022, 12:28 PM
Updated 03/03/2022, 03:40 PM

Bitcoin (BTC) bulls flipped the table on March 4's options expiry after a 14% rally on Feb. 28. Holding the price above $43,000 confirms a decoupling from traditional markets. For instance, the MSCI Emerging Markets Equities Index is down by 3.5% in five days, while the United States Russell 2000 Small-Capitalization Index gained 0.9%.

Investors are increasingly concerned about the ramifications of the U.S. Federal Reserve rate hikes expected throughout 2022. As a result, in the past 30 days, some big names took a hit. For instance, Paypal PYPL traded down 38%, META corrected 34% and Shopify (NYSE:SHOP) SHOP lost 31.5%.

Bitcoin options aggregate open interest for March 4. Source: CoinGlass

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