👊👊👊Bitcoin was little changed at $29,100 with weekly options implied volatility of 25%.

The biggest pain point for the expiring bitcoin options contract worth $500 million was $29,500, indicating the level at which losses will be generated.

The put/call ratio at Friday's expiration is 0.38, which means long positions are paying for short positions.

Bitcoin prices are at six-week lows as $530 million worth of BTC options contracts expire on Friday. The price at which the biggest pain point or contract caused the highest financial loss was $29,500.

🍉🍉🍉Interestingly, the notional value of Bitcoin options contracts expiring on August 4 is well below last week’s $2.09 billion.

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