There are approximately 21,800 Bitcoin options contracts due to expire on Friday, April 19.
These derivatives have a notional value of around $1.33 billion, which is marginally lower than last week’s expiry event.
Moreover, crypto markets have been tanking hard all week, with Bitcoin poised to lose its psychological price level of $60,000.
Bitcoin Options Expiry
Today’s expiring batch of BTC contracts has a put/call ratio of 0.63, which means there are almost twice as many call (long) contracts expiring as puts (shorts).
The bulls still appear to be dominating derivatives markets with the most open interest at the $80,000 strike price, according to Deribit. There is $881 million worth of long contracts at this level with more than $700 million in OI at both $70,000 and $75,000 strike prices.
Just $453 million in OI is at $60,000, which is closer to the maximum pain point and current spot prices.
Bitcoin options OI by expiry. Source: Deribit
Crypto derivatives tooling provider Greek
We współpracy z: https://cryptopotato.com/can-btc-hold-above-60k-with-1-3b-bitcoin-options-set-to-expire/
