Coinspeaker
Bitcoin Options Expiry before BTC Halving 2024, Dump or Pump?
Earlier today, the world’s largest cryptocurrency Bitcoin (BTC) took a dive under $60,000 but recovered strongly hours later. As of press time, Bitcoin price is trading 5% up trading closer to $65,000. A lot of factors have been influencing BTC price volatility such as geopolitical tensions, the upcoming Bitcoin halving 2024, and much more.
Interestingly, Bitcoin options expiry coincides with the fourth BTC halving event. Later today, over 21,845 BTC options are set to expire with a notional value of $1.35 billion and a put-call ratio of $0.63. As per data from the Deribit exchange, the max pain point is currently at $65,000. While believing that the Bitcoin price remains under selling pressure, several traders have put bets at a strike price of $60,000.
On the other hand, the implied volatility across all major terms has witnessed a decline, mainly due to the strong drop in the call option price.
We współpracy z: https://www.coinspeaker.com/bitcoin-options-expiry-halving-2024/
