Major $2.2B Crypto Options Expiry Puts Markets on Watch
Explore our platform for exclusive crypto trading strategies and receive expert assistance with your cryptocurrency trades. Visit https://telegram.me/freebitmexsignals The first Friday of the new year has arrived, and more Bitcoin and Ether options are expiring as spot market momentum remains muted. Around 21,000 Bitcoin options contracts will expire on Friday, Jan. 2, and they have a notional value of roughly $1.85 billion. This expiry event is much smaller than average due to muted trading over the holiday period and the huge one last Friday. Trading has been subdued over the New Year holiday as expected, with volume and volatility low, and spot markets mostly sideways as we start a new month and a new year. Bitcoin Options Expiry This week’s small tranche of Bitcoin options contracts has a put/call ratio of 0.48, meaning that there are a lot more calls (longs) expiring than puts (shorts). Max pain is around $88,000, according to Coinglass, which is pretty close to the current spot p...