š Crypto Alert! Deribit Options Expiry: Prepare for Market Moves šš¼
Traders, mark your calendars! This Friday at 8 AM UTC, a significant event is on the horizon as 177,000 Bitcoin options on Deribit, amounting to a staggering $7.65 billion, are set to expire.
š Key Details:
- Options Expiry: A whopping 177,000 BTC options on Deribit.
- Notional Value: The total value of these options is an impressive $7.65 billion.
- Max Pain Price: The anticipated point at which the options market inflicts the most financial pain on the maximum number of traders is at $33,000.
- Put/Call Ratio: The put/call ratio stands at 0.66, providing insights into the distribution of bearish and bullish sentiment.
š¢ Stay Alert! Tips for Traders:
- Volatile Period Ahead: Options expiries often coincide with increased market volatility, so brace yourself for potential price movements.
- Max Pain as a Guide: Keep an eye on the max pain price as it may influence market behavior.
- Put/Call Ratio Insight: The put/call ratio offers a snapshot of the prevailing sentiment among traders.
š Keep a Sharp Eye: As the options expiry approaches, vigilant monitoring of the market is advised. Market reactions to such events can offer valuable insights for informed trading decisions.
šØ Stay tuned for live updates and reactions as the market responds to this significant options expiry on Deribit! š¹š
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