Bitcoin price briefly clears $31K as monthly, quarterly close nears
Bitcoin tries to cement higher support as an important day for markets arrives. Bitcoin (BTC) spiked through $31,000 on June 30 as a nearly $6 billion open interest expiry loomed. BTC/USD 1-hour chart. Source: TradingView Options expiry precedes day of BTC price triggers Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local highs of $31,268 on Bitstamp before returning lower. BTC price performance improved into a key quarterly options expiry event, the second largest in Bitcoin’s history, with analysts keen to see its effect on markets. “Will be interesting to see how much is rolled over to future expirations and whether that OI is call or put dominant --> as that will impact how dealers hedge (buy or sell BTC),” financial commentator Tedtalksmacro wrote in part of associated commentary. June 30 represented a key date for BTC traders all around, with the options expiry forming just one in a series of key events. Macroeconomic data from the United States i...