Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Bitcoin and Ethereum options worth billions of dollars are set to expire on Friday, potentially leading to significant market volatility. The notional value of the Bitcoin options expiring is approximately $5.8 billion, with a 'max pain' price of $59,000. Ethereum options expiring have a notional value of $2.5 billion. The put/call ratio for Bitcoin options is 0.62, indicating a higher number of call options. Bitcoin recently surged past $65,000, reaching a high of $65,687, ahead of the options expiry. Market participants are preparing for potential price swings as the expiry approaches. A total of 91k Bitcoin options and 718,000 ETH options are set to expire at 08:00 UTC.
Bitcoin Blasts Past $65K BTC just smashed through $65K, topping out at $65,687 before a monster $5.8B options expiry. Could be a bull run or a nasty shakeout - next moves are all on how the market handles this. Options traders are prepping for chaos, so expect serious chop as… https://t.co/oZgBqP1Aw0
Bitcoin Hits $65K - Major Options Expiry Could Spark Wild Moves Bitcoin just pushed past $65,687 ahead of a $5.8B options expiry - this level has been a key resistance for months. A breakout could trigger a serious rally, but a dip below could set off a cascade of sell orders.… https://t.co/99705pqtXn
🚨 BREAKING 🚨 $7,700,000,000 WORTH OF BITCOIN & ETHEREUM OPTIONS ARE SET TO EXPIRE TODAY. HIGH VOLATILITY EXPECTED.
