🚀 **Bitcoin Options Expiry: A $4.26 Billion Event!** 🚀
Hold onto your hats, Bitcoin enthusiasts! This Friday, July 26, marks a colossal Bitcoin options expiry with a notional value of $4.26 billion. This end-of-month event is larger than usual, making waves in the crypto world. 🌊
The put/call ratio stands at 0.61, indicating nearly twice as many long contracts expiring as shorts. Bulls are eyeing higher strike prices with $942 million at $70,000 and a staggering $1.3 billion at $100,000. On the flip side, there's $500 million in open interest at the $60,000 strike price.
Despite some market dips, Bitcoin remains resilient, reclaiming $67,000 during Friday's Asian trading session. Stay tuned, BTC believers! 🚀