$6.3 billion in #bitcoin options expire tomorrow, how would that impact the price?
Bitcoin sale options are growing, although purchase options remain the majority.
This Friday, April 26, 6.35 billion dollars (USD) in bitcoin (BTC) futures options expire on Deribit, the main exchange for these products. Therefore, the market could be subject to high price volatility if executed by its traders.
The put/call ratio for this expiration has been raised on the exchange to 0.68, meaning that for every call option there are 0.68 puts. Precisely, there are 57,318 buy calls and 39,204 sell calls.
