🚀 Crypto Alert! Deribit Options Expiry: Prepare for Market Moves 📊💼
Traders, mark your calendars! This Friday at 8 AM UTC, a significant event is on the horizon as 177,000 Bitcoin options on Deribit, amounting to a staggering $7.65 billion, are set to expire.
📈 Key Details:
- Options Expiry: A whopping 177,000 BTC options on Deribit.
- Notional Value: The total value of these options is an impressive $7.65 billion.
- Max Pain Price: The anticipated point at which the options market inflicts the most financial pain on the maximum number of traders is at $33,000.
- Put/Call Ratio: The put/call ratio stands at 0.66, providing insights into the distribution of bearish and bullish sentiment.
📢 Stay Alert! Tips for Traders:
- Volatile Period Ahead: Options expiries often coincide with increased market volatility, so brace yourself for potential price movements.
- Max Pain as a Guide: Keep an eye on the max pain price as it may influence market behavior.
- Put/Call Ratio Insight: The put/call ratio offers a snapshot of the prevailing sentiment among traders.
👀 Keep a Sharp Eye: As the options expiry approaches, vigilant monitoring of the market is advised. Market reactions to such events can offer valuable insights for informed trading decisions.
🚨 Stay tuned for live updates and reactions as the market responds to this significant options expiry on Deribit! 💹📆
#CryptoTrading #OptionsExpiry #DeribitOptions #BTC #ETH 🚀