Data: A large number of options contracts expiring in December bet on Bitcoin falling to $80,000

Odaily News Matt Mena, crypto research strategist at 21Shares, believes that if Bitcoin prices continue to fall, they could fall to $80,000. He said that options traders who focus on cryptocurrencies also support this view, with a large number of options contracts expiring in December betting on Bitcoin to fall to $80,000. "The $80,000 support level may be the limit of this pullback, which may actually be beneficial to the health of the market... Bitcoin often retests previous support levels to consolidate the upward force and clean up leveraged positions and short-term speculators." (kitco)