Bitcoin faces heightened volatility as $6.4B options contracts expire Friday

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A large batch of Bitcoin options contracts worth $6.4 billion is set to expire this Friday. The expiry comes after Bitcoin recently surged from $62,000 to $80,000, significantly shifting market dynamics. The sharp price rally has left market makers with greater exposure to manage across multiple key strike prices. This concentration of risk around certain price levels could amplify price swings around the expiry date.

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