More than 20,000 Bitcoin options contracts are set to expire on Friday, September 20, with a notional value of about $1.26 billion.
- This is similar to last week and has little impact on the spot market.
- Next week, more than $5.3 billion worth of Bitcoin contracts are set to expire at the end of the month and the end of the quarter.
The put/call ratio for this week’s contracts is 0.85, indicating that there are more long (call) contracts than short (put) contracts.
- Open interest remains high at $70,000 and $75,000, with over $700 million at each level.
- There is an additional $848 million at $90,000 and over $1 billion at $100,000.
The Bitcoin Fear and Greed Index has returned to neutral at 54, indicating a slight improvement in market sentiment.
- The total cryptocurrency market capitalization increased by 5.7% to $2.27 trillion.
- Bitcoin hit its highest level in nearly a month, surpassing $64,000 before falling back to $63,900.
- Ethereum hit an intraday high of $2,550 before falling back to $2,530.
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