According to Odaily, Deribit's Asia-Pacific Business Head, Lin Chen, announced on platform X that the BTC November options are set to expire this Friday, November 29, at 4 PM UTC+8. The expiration will see positions worth $9.163 billion come to a close.
The current put/call ratio stands at 0.81, indicating a relatively balanced sentiment between bearish and bullish investors. The 'max pain' point, where the most significant number of options will expire worthless, is positioned at $77,000. This level suggests that if the expiry price is near this point, sellers will achieve maximum profitability.
Market participants are closely monitoring these developments, as the options expiry could lead to increased volatility in the Bitcoin market. The outcome of this event may influence trading strategies and market sentiment in the short term.
