Expiration has been pivotal with respect to BTC options market makers were “long gamma” and they could add to immediate price movements with their hedging activities. However, the largest cryptocurrency by market value traded listlessly between $30,000 and $31,000 in the days leading up to the settlement, before remaining locked in a narrow range, posting just a 1% gain on the day to $30,700 as of 10:40 UTC, CoinDesk data shows.

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