#BitcoinFaces$6.4BOptionsExpiry
đš $6.4B BITCOIN OPTIONS EXPIRE TOMORROW! âżâĄ
Around 81,700 $BTC options contracts, worth approximately $6.4B, are set to expire on August 28 at 08:00 UTC.
đ Options snapshot:
âą đ Calls: 44,639
âą đ Puts: 37,061
âą âïž Put/Call Ratio: 0.83
âą đŻ Key strikes: $75K & $80K
âą đ° Current BTC: ~$78,666
đ„ Calls outnumber puts, showing relatively optimistic positioning, but this doesn't guarantee a bullish move.
â ïž Large expiries can increase short-term volatility as market makers adjust their hedges. BTC could see stronger moves or temporarily trade around major strike levels.
đ Key levels to watch: $75Kâ$80K. The reaction around these levels and price action after expiry could provide a clearer signal.
TL;DR: $6.4B in BTC options are expiring, making Friday an important day for short-term volatility.
#Bitcoin #BTC #Crypto #option #BinanceSquare
đš $6.4B BITCOIN OPTIONS EXPIRE TOMORROW! âżâĄ
Around 81,700 $BTC options contracts, worth approximately $6.4B, are set to expire on August 28 at 08:00 UTC.
đ Options snapshot:
âą đ Calls: 44,639
âą đ Puts: 37,061
âą âïž Put/Call Ratio: 0.83
âą đŻ Key strikes: $75K & $80K
âą đ° Current BTC: ~$78,666
đ„ Calls outnumber puts, showing relatively optimistic positioning, but this doesn't guarantee a bullish move.
â ïž Large expiries can increase short-term volatility as market makers adjust their hedges. BTC could see stronger moves or temporarily trade around major strike levels.
đ Key levels to watch: $75Kâ$80K. The reaction around these levels and price action after expiry could provide a clearer signal.
TL;DR: $6.4B in BTC options are expiring, making Friday an important day for short-term volatility.
#Bitcoin #BTC #Crypto #option #BinanceSquare