⏳ Options nearing expiry worth $15.6 billion, $BTC stalls
According to Decrypt, the uptrend of $BTC slowed down right around the time approximately $15.6 billion worth of expiring options contracts were due. On Binance, $BTC is hovering around 83.922 USDT, down 0.89% over 24 hours. In contrast, $XRP is up 2.81% to 1.5713 USDT, and $SOL is up 3.42% to 121.45 USDT.
Why should traders pay attention? Large expiry sessions often cause prices to swing sharply around strike levels with many open contracts. A pause during the expiry day is not enough to conclude that the trend has reversed. Usually, you need to wait for a few more sessions, when hedged positions are unwound, before the price shows its true direction.
Another notable point is that capital appears to be rotating into altcoins. $XRP has gained 11.28% over the past 7 days, trading in the range of 1.368 to 1.6581 USDT. The Fear & Greed Index is at 71, in the Greed zone (alternative.me). When sentiment tilts toward greed, the risk of chasing green candles is higher.
My takeaway: option expiry day is a day to reduce leverage and observe more than act. The volatility right now is largely driven by derivatives positions, not necessarily by genuine demand.
Source: Decrypt
Do you think this stall in $BTC is just a breather or a sign of reversal? 🤔
#Bitcoin #Options #Altcoin
According to Decrypt, the uptrend of $BTC slowed down right around the time approximately $15.6 billion worth of expiring options contracts were due. On Binance, $BTC is hovering around 83.922 USDT, down 0.89% over 24 hours. In contrast, $XRP is up 2.81% to 1.5713 USDT, and $SOL is up 3.42% to 121.45 USDT.
Why should traders pay attention? Large expiry sessions often cause prices to swing sharply around strike levels with many open contracts. A pause during the expiry day is not enough to conclude that the trend has reversed. Usually, you need to wait for a few more sessions, when hedged positions are unwound, before the price shows its true direction.
Another notable point is that capital appears to be rotating into altcoins. $XRP has gained 11.28% over the past 7 days, trading in the range of 1.368 to 1.6581 USDT. The Fear & Greed Index is at 71, in the Greed zone (alternative.me). When sentiment tilts toward greed, the risk of chasing green candles is higher.
My takeaway: option expiry day is a day to reduce leverage and observe more than act. The volatility right now is largely driven by derivatives positions, not necessarily by genuine demand.
Source: Decrypt
Do you think this stall in $BTC is just a breather or a sign of reversal? 🤔
#Bitcoin #Options #Altcoin
