🚀 Bitcoin fans, get ready! Today, around 20,000 Bitcoin options worth $1.35 billion are expiring. But don’t worry, this event is smaller than previous ones, so the market impact should be minimal. 📉click here for BNB reward 🎁
Keep an eye on June 28, though, when $6.7 billion in derivatives will expire. That’s a date to remember! 📆
Today's Bitcoin contracts have a put/call ratio of 0.49, meaning there are twice as many long (call) contracts expiring as short (put) ones. The max pain point is $68,500, which is a bit higher than current prices. This is where most losses could happen. 😬
But don’t lose hope. Bulls still dominate BTC derivatives with almost $1 billion in open interest at the $100,000 strike price. The $75,000 and $80,000 strike prices are also popular, with $723 million and $807 million respectively. 🐂
Despite a big week for economic data in the U.S., the crypto market has underperformed, with major coins and altcoins dropping. Remember, the crypto market is a rollercoaster, so hang on! 🎢
In addition to Bitcoin, 200,000 Ethereum options expired today with a put/call ratio of 0.36, a max pain point of $3,600, and a notional value of $710 million.
The total market capitalization has stayed steady at $2.57 trillion over the past 24 hours. However, markets have dropped 7.5% over the past ten days.
Bitcoin is currently around $67,000 after falling from about $69,500 earlier this week. Analysts say Bitcoin miner profit-taking might be causing the declines.
Will today's Bitcoin options expiry push markets lower? We’ll have to wait and see. Stay tuned! 🕰️