I noticed that quite a few bullish traders on Bitcoin are taking a defensive stance right now. With nearly $9 billion in options expiring on Friday, everyone seems a bit cautious. It's interesting to observe because it shows how big players manage risk when there are major expiration events.



The hedges I see in place suggest that even if the trend remains bullish, no one really wants to get caught off guard. This is the kind of precaution we often see before key dates in the options calendar. Experienced traders know they always need to have a plan B.
BTC-0.26%
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