#BTC still going down?

As happens every Friday, today is the expiration date for Bitcoin options in the derivatives market. According to the data, $6.3 billion worth of BTC options are set to expire in the next few hours, signaling potential negative price volatility.

In this sense, volatility could see Bitcoin fall to the $61,000 mark – a potential drop of more than 5%. However, traders also expect the market to recover after facing the volatility of these options.

Derivatives exchange Deribit's website shows a total of 96,000 Bitcoin options, with a notional value of $6.3 billion. The put-call ratio is 0.68, indicating an increase in puts recently as the monthly expiration approaches. The maximum drop point is $61,000, below the current price.

If you aiming to buy Bitcoin as soon as possible, hold on, not the right time yet ...