🚀 Bitcoin enthusiasts, get ready for a thrilling ride! This Friday, a whopping 98,500 Bitcoin options contracts, valued at $9.48 billion, are set to expire. This is more than triple last week’s expiry, hinting at a potentially exciting market shake-up! 📈
The put/call ratio stands at 0.84, indicating a slight edge for the bulls. With open interest peaking at the $100,000 strike price, the anticipation is palpable. Massive block trades, over $120 million, have already been reported, suggesting the big players are gearing up for action. 🐋
While Bitcoin's realized volatility has dipped, the market remains optimistic. Could this expiry event propel BTC to new heights? Stay tuned! 🌟