Bitcoin traders brace for possible swings ahead of reported US$11 billion options expiry

Traders anticipated potentially sharper Bitcoin swings around an October 30 expiry of US$11 billion in options, Bloomberg reported in a story carried by The Straits Times. Tesseract Group’s Adam Haeems said dealer hedging could deepen a fall or cushion it, depending on positions public data do not disclose. Orbit Markets’ Caroline Mauron suggested the November 3 US midterms could extend volatility if options sellers delay new trades.