Bitcoin will have the largest options expiration in history tomorrow

According to David Lawant of FalconX, Bitcoin (BTC) is about to have the largest options expiration in history, which will occur tomorrow. The expiration of this option is huge, with a total option equity of $15 billion, accounting for 43% of the current total options market, which is twice the amount of option equity that expired in December last year.

Option strike price distribution

- Call options: Call options in the range of $90,000 to $120,000 have the largest open interest, reflecting investors' optimism about the future price of Bitcoin and expecting it to reach a higher price in the near future.

- Put options: Put options in the range of $80,000 to $90,000 are closely followed, showing that the market is prepared for a potential price correction, and large-scale option expiration may increase market volatility.

Market dynamics and hedging needs

- Bullish preference: Despite a certain position in put options, the market as a whole still prefers call options, and most participants are optimistic about the trend of Bitcoin.

- Hedging increases: As options expire, investors' hedging needs increase, and they try to deal with market uncertainties through options. Market sentiment may be more sensitive before and after option expiration.

Current Bitcoin Market

As of now, Coingecko data shows that the trading price of Bitcoin is $96,161. The current price has not significantly deviated from the distribution range of option strike prices, but market volatility may increase significantly after option expiration. #BTC #BTC走势分析 $BTC