🚨 Bitcoin Options Expiration today! Puts Bulls in the Driver's Seat for $1 Billion Windfall 🚨
This Friday, $8.1 billion in Bitcoin options are set to expire, and it’s shaping up to be a big day for bullish traders. Here’s how the options landscape breaks down:
🔥 Total expiring options: $8.1 billion in contracts.
💸 Call options (Bullish bets): $4.9 billion.
🛑 Put options (Bearish bets): $3.2 billion.
At current Bitcoin prices, the numbers show:
📈 28% of call options are "in the money" (profitable).
📉 Only 9% of put options are "in the money".
Where the real action is:
📊 $2.7 billion worth of call options will expire worthless if Bitcoin doesn’t hit $70,000.
⚠️ $2.2 billion in put options will expire worthless if Bitcoin stays above $56,000.
Key Takeaway: If Bitcoin holds its current price levels, bulls could pocket a $1 billion profit at expiration.
💬 Drop your thoughts below! How do you think Bitcoin will move by Friday? Like, share, and comment!