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In the last days of 2021, the BTC rate is about $ 50,000, but due to the expiration of options on the last day of this year, experts expect high volatility
On Friday, December 31st, about $ 5.7 billion of BTC options contracts will expire on the Deribit derivatives exchange. The notional value of all contracts is approximately $ 10.7 billion, so this event can be called important. The maximum pain rate is $ 48,000. Call sellers on the $ 58,000 and $ 60,000 strike are clearly not optimistic about a possible rally for Santa Claus at the end of the year, so high volatility is expected in the market in the coming days.
After the November drop from an all-time high, the BTC rate broke the 21-week moving average with a 14% daily candle. The momentum indicator is above the zero baseline, which could mean a gradual return of the bulls to the market.
Following its recent daily uptrend, the BTC rate is now retesting the last short-term support levels on a lower timeframe. Any decline in the rate to the levels of $ 48,700 – $ 49,500 can be considered a healthy correction to get the necessary momentum before continuing the recovery.
In addition, the BTC market rate has been below the NVT indicator for a long time, and this signal is considered an excellent chance to accumulate more assets.
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