【Attention Today】February 23
$3.7 billion in Bitcoin options set to expire
The current put-to-call ratio is 0.76. This ratio is less than 1, which means that there are more call options than put options, and bullish sentiment is dominant.
Concentrated call options positions between $53,000 and $60,000
If Bitcoin price can sustain above $51,000, expect the number of call options to increase.
It is important to note that today's Bitcoin option expiration may have an impact on the price, and professional investors need to buy and sell in the spot market to hedge their option positions.
On the 4-hour trend chart, the support of $50,500 has been hit multiple times recently, and there is a possibility of a breakdown in the near future.
The Bitcoin spot ETF has caused supply shocks to be amplified by more than 10 times, and Bitcoin has become more scarce. Don’t pay too much attention to short-term fluctuations. Add positions when there is a correction, hold firmly, and wait for the flowers to bloom.
