With the asset tapping $64,000 this week, will the big expiry event push Bitcoin prices higher or initiate a correction?
Around 32,200 Bitcoin options contracts will expire on March 1. This week’s expiry event is the month’s second-largest as another huge one – worth $6 billion-plus – will occur at the end of March.
The notional value of today’s expiring Bitcoin options is $1.96 billion, according to crypto derivatives provider Deribit.
Big Bitcoin Options Day
Moreover, the put/call ratio is 1.49, which means there are more sellers of short contracts (puts) than longs (calls). This suggests that derivatives traders are leaning towards a market correction. The max pain point, or the price at which most losses will be made upon expiry, is $55,000.
The $60,000 strike price remains hugely significant, with 15,329 calls and a notional value of $934 million at this point. Additionally, the put/call ratio here is just 0.20, meaning the bulls vastly outnumber the bears who are shorti
We współpracy z: https://cryptopotato.com/how-will-crypto-markets-react-to-2b-bitcoin-options-expiry/
