The crypto market celebrated the fourth Bitcoin halving on April 20, but Bitcoin and crypto prices didn’t see a significant rally or major upside. Traders are actually awaiting the first crypto market expiry after the Bitcoin halving, which is also a monthly expiry and can cause more volatility. Deribit reported over $9.4 billion in crypto options are set to expire this Friday.
$9.4 Billion in Crypto Options Expiry
The overall optimism after the Bitcoin halving remains bullish and investors hold Bitcoin price above $66,000. As crypto market sentiment by the Fear & Greed Index indicates an uptick in sentiment, with an increase in sentiment from 57 (neutral) to 72 (greed), the market participants are waiting for some headwinds to disappear before taking new positions.
Over 94k Bitcoin options of $6.3 billion in notional value are set to expire on Friday. The put-call ratio is 0.68, indicating a rise in put options recently as monthly expiry approaches. The max pain point is $61,000
We współpracy z: https://coingape.com/how-to-trade-this-week-as-9-4-billion-in-crypto-options-set-to-expire/
