At 4 p.m. today, the outcome of $2.65 billion worth of options expiring will be decided.
33,135 BTC options expire on Deribit
24,912 calls versus just 8,223 puts
The long-to-short ratio is nearly 3:1
Max pain is at $79,000
But BTC is currently only at $76,166
Nearly $2,800 short of max pain
The options market wants to push prices higher
But spot prices are being held down hard by the sell-off in US tech stocks
On one side, options market makers want to lose a little less
On the other, spot longs have just been liquidated for $1 billion
Over $1 billion in liquidations in 24 hours, mostly longs
RSI has dropped to 38.95, one step away from oversold
The Fear Index is at 31, still in fear territory
The interesting thing is
On November 4, spot ETFs actually saw net inflows of $75 million
Inflows into FBTC more than offset outflows from IBIT
Institutions are quietly buying the dip
So the real test comes after the 4 p.m. expiry
Once the nonfarm payrolls data is released at 21:30 tonight
The direction it sets could pack a bigger punch than the options expiry itself
Do you think BTC will make a quick run at $79,000 first
or head straight down to test $75,000?
$BTC $ETH
#市场观察 #期权 #Bitcoin
This is not investment advice. DYOR; trading involves risk.
33,135 BTC options expire on Deribit
24,912 calls versus just 8,223 puts
The long-to-short ratio is nearly 3:1
Max pain is at $79,000
But BTC is currently only at $76,166
Nearly $2,800 short of max pain
The options market wants to push prices higher
But spot prices are being held down hard by the sell-off in US tech stocks
On one side, options market makers want to lose a little less
On the other, spot longs have just been liquidated for $1 billion
Over $1 billion in liquidations in 24 hours, mostly longs
RSI has dropped to 38.95, one step away from oversold
The Fear Index is at 31, still in fear territory
The interesting thing is
On November 4, spot ETFs actually saw net inflows of $75 million
Inflows into FBTC more than offset outflows from IBIT
Institutions are quietly buying the dip
So the real test comes after the 4 p.m. expiry
Once the nonfarm payrolls data is released at 21:30 tonight
The direction it sets could pack a bigger punch than the options expiry itself
Do you think BTC will make a quick run at $79,000 first
or head straight down to test $75,000?
$BTC $ETH
#市场观察 #期权 #Bitcoin
This is not investment advice. DYOR; trading involves risk.