๐ This week the crypto market has been full of turmoil! Bitcoin briefly fell to $61,500 on March 20, but fortunately has started to recover. However, get ready, because today there are 25,300 Bitcoin contracts that will expire on March 22. This can make the market shake even more, you know!
๐ Although smaller than last week, at the end of this month there are contracts worth almost $10 billion that will expire. Wow!
๐ข The Bitcoin options contracts expiring today have a face value of approximately $1.8 billion. The put/call ratio is 0.57, meaning that almost twice as many calls (long contracts) were sold as puts (short contracts).
๐ฏ There is nearly $1 billion in open interest at the $65,000 strike price, according to Deribit. Other high strike prices for calls include $60K, $70K, and $75K.
๐ฌ Come on, share your opinions about the crypto market this week in the comments column! Are you optimistic or pessimistic? Don't forget, stay alert and wise in investing!#cryptonews#bitcoin#marketupheaval