@n0ther.eth
🚨 Tomorrow, August 16 at 8:00 UTC, the $1.88 B$ options on the Derebit exchange will expire.
While the total maximum loss price is about $60k, a large number of put options have a strike price of about $58k.
Market makers may try to recover the $60k level if involved, otherwise option writers may be interested in adding selling pressure, potentially bringing the price below $58k!
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