On Friday, August 16, approximately 24,300 Bitcoin options contracts, worth around $1.4 billion in total, will expire. This is down from last week’s expiration, suggesting a potential limited impact on the spot market. However, there is also a large $3.2 billion notional option expiration approaching as the end of the month approaches.

This week’s Bitcoin options expiration sees a relatively even distribution between long and short positions, with the put/call ratio set at 0.82. Specifically, the ‘maximum pain’ point is set at $59,500, slightly above current market prices. This marks the point at which most option holders could suffer losses after recent market declines.

According to leading crypto derivatives provider Greeks Live, the release of the US Producer Price Index (PPI) and Consumer Price Index (CPI) reports has significantly reduced market volatility expectations. “This reduction in options market volatility expectations could lead to a more stable trading environment,” Greeks Live said. This suggests that the cryptocurrency market is heading into a calmer period.

Along with the Bitcoin options, 184,000 Ethereum options contracts worth about $470 million will also expire. These contracts have a put/call ratio of 0.80 and a maximum pain point of $2,650, close to market prices.

Over the past 12 hours, the cryptocurrency market has seen a 2.2% decline, with the total market cap falling to $2.15 trillion, its lowest level since last week’s recovery. Bitcoin fell to $56,650 before recovering to $58,000, a level considered by analysts to be a critical support point. Similarly, Ethereum fell to $2,532 before rising to $2,600 in recent trading hours. Altcoins continue to struggle, reflecting the general market downtrend

FOR THE GIFT OF 10 DOLLARS PLEASE READ CAREFULLY.

My friends, you know that we, the publishers, are doing everything we can for you here. We are conveying to you the services and conveniences that our authorities have provided us. I have never withdrawn my support for both the cryptocurrency market and you, and on the contrary, I am trying to provide more support.

THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE ESPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION OF WHAT I HAVE SAID ABOUT THIS ISSUE BY CALLING LIVE HELP. IT IS A 10 DOLLAR CAMPAIGN MADE FOR YOU THROUGH ME.

Now I will explain how you will receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.

So who can benefit?

Our friends who have not yet activated the futures section, when you activate your FUTURES transaction section, you will earn $10 when you open it by entering my 88623008 reference code.

I EXPLAIN IN DETAIL.

My brothers and sisters who have become Binance members without a reference, please listen carefully;

When you do what I say in order, you will receive 10 USDT.

Go to the Futures Section from your application,

On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,

My brothers and sisters who want to complete this transaction and receive the 10 USDT reward until MAY 1 can do so. Afterwards, after activating your account, it is enough to open your first futures transaction.

The first 1,000 brothers who open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.

So let me give you a tactic like this; even if you open and close 20x with a $5 transaction, you will be entitled to the reward.

Even if you do this after May 1st, your reward will not come. So, do it until May 1st. In fact, I would say do it right now in 5 seconds.

It's very simple. Go to futures, enter my 88623008 referral code and activate the account. Then just open a transaction of 200 usdt in total and get the 10 usdt reward.

WHEN WILL THE REWARD COME?

Your $10 reward will come to the REWARDS section of your Binance application within 30 days from May 1. By activating it from there, you can use your $10 reward, or more than 300 lira, in futures transactions.

You can share this post with your friends in need so that they can also benefit from it.

IN THE MEANWHILE, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. EVEN IF YOU HAVEN'T FOLLOWED US YET, DON'T FORGET TO FOLLOW US. WITH MY REGARDS.