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Hey BTC enthusiasts! 🚀 Get ready for a rollercoaster ride as around 29,000 Bitcoin options contracts worth $2 billion are set to expire today! 📆 Although slightly less than last week's expiry, a massive $6 billion event is coming up at the end of March. 🤯
With a put/call ratio of 0.86, sellers of long and short contracts are almost evenly matched. The max pain point is $60,000, and there's a lot of open interest at $65,000 and $70,000 strike prices. 🎯 Market volatility has reached its highest level in nearly a year, so buckle up! 🌪️
Don't forget about Ethereum! 270,000 ETH options with a put/call ratio of 0.55 and a notional value of $1.05 billion are also expiring today. The max pain point for ETH is $2,950, with lots of open interest at $3,000 and $4,000 strike prices. 💹
Crypto market cap has gained 2.2% to hit $2.67 trillion, with Bitcoin nearing $67,000 and Ethereum surpassing $3,900! 📈 Binance Coin (BNB) and Shiba Inu (SHIB) are the top performers, adding 10% and 11% respectively. 🌟 Will this $3 billion crypto options expiry event push markets even higher? Stay tuned! 🍿
Follow
Hey BTC enthusiasts! 🚀 Get ready for a rollercoaster ride as around 29,000 Bitcoin options contracts worth $2 billion are set to expire today! 📆 Although slightly less than last week's expiry, a massive $6 billion event is coming up at the end of March. 🤯
With a put/call ratio of 0.86, sellers of long and short contracts are almost evenly matched. The max pain point is $60,000, and there's a lot of open interest at $65,000 and $70,000 strike prices. 🎯 Market volatility has reached its highest level in nearly a year, so buckle up! 🌪️
Don't forget about Ethereum! 270,000 ETH options with a put/call ratio of 0.55 and a notional value of $1.05 billion are also expiring today. The max pain point for ETH is $2,950, with lots of open interest at $3,000 and $4,000 strike prices. 💹
Crypto market cap has gained 2.2% to hit $2.67 trillion, with Bitcoin nearing $67,000 and Ethereum surpassing $3,900! 📈 Binance Coin (BNB) and Shiba Inu (SHIB) are the top performers, adding 10% and 11% respectively. 🌟 Will this $3 billion crypto options expiry event push markets even higher? Stay tuned! 🍿