Bitcoin's price rose 0.91% to reach $80,819, triggering $9.55 million in short position liquidations across Binance, Bybit, and OKX within a single hour. Concurrently, Bitcoin options contracts with a total notional value of $10.9 billion are set to expire today on the Deribit exchange. The current put/call ratio of 0.53 indicates that market positioning is currently leaning more heavily toward call options.
The expiry passed before publication, as Bitcoin closed at $76,721.99 on October 30, after $77,991.89 the previous day, while options priced in a premium for volatility risk.
Read the full storyA late-session slide erased a brief recovery to $80,258.1, amid pressure on technology stocks and U.S. inflation that kept the interest-rate outlook in focus.