This Friday, approximately 107,000 Bitcoin option contracts with a total value of $6.6 billion will expire. 📉📆 Since it is a month-end expiration event, it is larger than normal weekend expirations and there may be some fluctuation in the market. 😅

Today's large BTC derivatives stack has a put/call ratio of 0.5, meaning long (call) contracts have twice the expiration rate as short (put) contracts. The price at which most losses will occur is $57,000, which is about $4,000 below current spot prices.

Bulls still dominate Bitcoin options markets, with over $340 million in open interest at higher strike prices at 70K, 75K and 80K. Additionally, total OI rises to $590 million at 90K and $770 million at 100K strike price, according to Deribit.

So how do you think this will affect the market? We are waiting your comments! 😊👇