đ Bitcoin Options Expiry: What's Happening Today? đ
Today, approximately 28,000 Bitcoin options contracts, worth around $2 billion, are set to expire. While this is smaller compared to last week's massive expiry, it still holds significance. The put/call ratio stands at 0.92, indicating a balanced distribution between long and short positions. The max pain point is $69,000, close to current spot prices.
Open interest has surged to $1.3 billion at the $80,000 strike price, showing bullish sentiment. With institutions making big moves, the crypto derivatives market is maturing. Keep an eye on BTC! đ
