How will the Crypto market move after Bitcoin options worth $16 billion expire today?
- Bitcoin options worth about $15.9 billion will expire on Deribit, including around 184,000 BTC contracts, as this cryptocurrency is being traded near the $84,000 level.
- Options with a “max pain” strike price of $75,000 and a put/call ratio of 0.69 suggest a slightly optimistic sentiment among traders.
- Despite recent volatility, Bitcoin is up about 10% over the past week, but still down 25% compared to a year ago and down 33% from the all-time high above $126,000.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
- Bitcoin options worth about $15.9 billion will expire on Deribit, including around 184,000 BTC contracts, as this cryptocurrency is being traded near the $84,000 level.
- Options with a “max pain” strike price of $75,000 and a put/call ratio of 0.69 suggest a slightly optimistic sentiment among traders.
- Despite recent volatility, Bitcoin is up about 10% over the past week, but still down 25% compared to a year ago and down 33% from the all-time high above $126,000.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
