🎉Get ready, BTC enthusiasts! Today marks the end-of-quarter

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🎉Get ready, BTC enthusiasts! Today marks the end-of-quarter Bitcoin options expiry event, and it's a BIG one! 🚀Approximately 135,250 BTC options contracts, worth a whopping $9.74 billion, are set to expire, making it the largest expiration event this year! 🤯 📊The put/call ratio stands at 0.85, with slightly more long contracts being sold than shorts. Bulls seem to dominate the derivatives markets, as over $1 billion in open interest (OI) is at the $65,000 and $70,000 strike prices, with the latter being closer to current spot prices. 🐂 🔥OI at even higher strike prices, like $75,000 and $100,000, is almost $1 billion! Will this massive expiry event impact the crypto market? 🤔 💹Spot markets usually aren't affected by derivatives expiration, but today's event is huge, so brace for some potential volatility! As of now, Bitcoin is hovering just over $70,000, while Ethereum trades around $3,500. Let's see how the markets react! 📈

🎉Get ready, BTC enthusiasts! Today marks the end-of-quarter Bitcoin options expiry event, and it's a BIG one! 🚀Approximately 135,250 BTC options contracts, worth a whopping $9.74 billion, are set to expire, making it the largest expiration event this year! 🤯
📊The put/call ratio stands at 0.85, with slightly more long contracts being sold than shorts. Bulls seem to dominate the derivatives markets, as over $1 billion in open interest (OI) is at the $65,000 and $70,000 strike prices, with the latter being closer to current spot prices. 🐂
🔥OI at even higher strike prices, like $75,000 and $100,000, is almost $1 billion! Will this massive expiry event impact the crypto market? 🤔
💹Spot markets usually aren't affected by derivatives expiration, but today's event is huge, so brace for some potential volatility! As of now, Bitcoin is hovering just over $70,000, while Ethereum trades around $3,500. Let's see how the markets react! 📈