🔥 Get Ready, Bitcoin Enthusiasts! 🔥 Today marks the expiration of around 18,000 Bitcoin options, totaling a notional value of $1.23 billion. While significant, it pales in comparison to last week's whopping $15 billion options expiry. Despite a 5% dip in total market capitalization this week, there's no need to fret! 😎

With a put/call ratio of 0.64, indicating more call (long) contracts than puts (shorts), today's batch of Bitcoin options suggests bullish sentiment. The max pain point sits at $68,000, slightly higher than current spot prices. Bulls are flexing their confidence, with approximately $900 million in open interest at the $70,000 strike price. Ethereum isn't forgotten, with around 270,000 contracts expiring, boasting a put/call ratio of 0.38 and a max pain point of $3,400.

While the crypto market experienced a slight boost yesterday, reaching a total cap of $2.67 trillion, Bitcoin hit $69,000 before retracing to $66,500 during the Friday morning Asian session. The future? Only time holds the answer, but one thing remains certain - the world of Bitcoin is always full of surprises! $BTC #binance #btc #bitcoin