Get Ready for a Big Bitcoin Options Expiry Event
This week will see a significant number of Bitcoin options contracts expiring, with a notional value of billions of dollars. The expiry event is larger than usual due to it being the end of the month.
Bitcoin Derivatives Overview
- The put/call ratio for today’s Bitcoin options expiry is 0.61, indicating more long contracts expiring than shorts.
- Open interest at higher strike prices favors the bulls, with a substantial amount at $70,000 and $100,000 strike prices.
- On the put side, there is significant open interest at the $60,000 strike price.
Ethereum Options Expiry
- Alongside the BTC contracts, there are also Ethereum options expiring with a notional value of $1.76 billion.
- The put/call ratio for ETH contract expiries is 0.46, indicating more long contracts expiring than shorts.
- The largest open interest is at the $4,000 strike price.
Market Impact
- Spot markets have seen a decline of around $120 billion this week.
- Bitcoin retraced to $64,000 on July 25 after failing to break resistance at $68,000.
- Ethereum fell 11% since the launch of spot ETFs but has shown signs of recovery.
Hot Take: How Will the Options Expiry Impact Crypto Markets?
As the significant Bitcoin and Ethereum options expiry event approaches, crypto markets are bracing for potential volatility. The outcome of this event could have a substantial impact on the price movements of these top cryptocurrencies. Traders and investors will be closely watching to see how the expiry plays out and whether it triggers significant market shifts. Stay tuned for updates on how the options expiry event influences the overall crypto landscape.
Sources:
– https://example.com/bitcoin-options-expiry
– https://example.com/ethereum-options-expiry
– https://example.com/market-impact
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