Bitcoin Edges Lower Ahead of Major Options Expiry — Market Talk

Bitcoin falls slightly, staying within a narrow range as investors look ahead to a major quarterly options expiry on Friday. Open interest stands at $40 billion and 38% of these contracts will expire on Friday, CoinDesk reports. The strike price that would cause losses for the largest number of options holders at expiration is $102,000. That suggests a pull towards this level. The Wall Street Journal reported that bitcoin mining group Core Scientific could soon be acquired by AI company CoreWeave. On the geopolitical front, the cease-fire in the Israel-Iran conflict continues to hold but the situation remains uncertain. Bitcoin falls 0.4% to $107,379, according to LSEG. ([email protected])