How Will $640 Million #Bitcoin Options #Expiry Impact Crypto Markets?
A total of 24,000 Bitcoin option contracts with a notional value of about $640 million will expire on October 13. Furthermore, the Friday the 13th options expiry event is nearly 50% bigger than the expiry last week.
Expiration Day for Bitcoin Options
The maximum pain point for the Bitcoin options available today is $27,000, the same as it was the week prior. It also slightly exceeds the going spot pricing.
The level with the most active #contracts is the max pain price. When the contracts expire, it is also the level where the majority of losses take place.
The put/call ratio for today's Bitcoin options is 1.23, which indicates that there are more short-term traders than long-term traders. $BTC #BTC
