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The six billion dollar question

[farmboy123]

All the comments seem to say people are worried about this $6 billion of Bitcoin coming out Friday. Really? The market cap is $960 billion. 6 billion is .6%. There has to be more to this drop.

[Kato5579]

It's not just the 6 billion dollar options expiring this Friday question but also a drop of 10000 from 61$00 to 51$00 of Bitcoin price from just March 15-24. That would certainly scare off new money somewhat 

[farmboy123]

Thanks Kato: Crypto is not for those with weak stomachs. Its been a wild ride the past four years but never a dull moment. At this time its like walking in the pasture at night looking for calves. Be wary of obstacles, wolves and coyotes and avoid the piles of male bovine excrement (like many posts on this bb) along the way. Hanging my hat on Hive.

[Bu11ish0NG0ld]

From March 16th article on Cointelegraph. By excluding the neutral-to-bearish put options below $47,000 and the call options above $66,000, it is easier to estimate the potential impact of Friday's expiry. Incentives to pump or dump the price by more than 17% become less likely, as the potential gains will seldom surpass the cost. This data leaves $1.13 billion worth of call options from $32