🔖 Bitcoin monthly performance and year-end expiration options, will it affect your investment decision?
According to the latest data from Coinglass, Bitcoin has ushered in a positive growth trend in October, achieving a 3.76% increase, which indicates that the market has entered a rising phase.
Although Bitcoin experienced a 7-8% drop at the beginning of this month, the market has quickly recovered and turned from decline to rise in recent days. This phenomenon is quite similar to the market performance in October last year, when Bitcoin fell nearly 10% at the beginning of the month, but eventually ended the month's rise with a gain of more than 28%.
Therefore, investors are closely watching whether Bitcoin can replicate last year's strong performance in October this year, achieve a gain of more than 20%, and break through the key position near $70,000, which is undoubtedly the focus of investors' attention in the future.
The next focus is the latest data of the Bitcoin options market. By the end of this year, that is, December 27, there will be 86,200 Bitcoin options expiring on the Deribit platform, with a total notional value of up to $5.658 billion, of which the maximum pain point price is at $60,000.
This data point may mark an important psychological juncture in the market, as option expiration may have a significant impact on Bitcoin prices, especially trading activity near the maximum pain point price.
Especially in the context of increased volatility in the current Bitcoin market, data from the options market also provides investors with important clues to observe market sentiment and future price movements.
💬Do you think Bitcoin will continue its current rally in October and break through key resistance levels, or may it encounter new challenges and pullbacks? With a large number of Bitcoin options about to expire at the end of the year, will the notional value and maximum pain point price of these contracts affect your investment decisions?
