Bitcoin Options Worth $6.4 Billion Expire as BTC Trades Near $80,000

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Bitcoin options contracts totaling $6.4 billion in value expired recently, marking a significant event for crypto derivatives markets. The expiry followed a notable price rally in which bitcoin climbed from approximately $62,000 to around $80,000. With the contracts now settled, traders must reassess and rebuild their positions at this substantially higher price range. The expiry is being closely watched as it could influence short-term price direction and market sentiment.

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