The world’s largest cryptocurrency Bitcoin (BTC) witnessed a sharp 10% correction from its all-time high reaching all the way lower to $65,500. This slump in the Bitcoin price has helped in reducing overall volatility as traders eagerly await the Bitcoin options expiry on Friday.
Bitcoin Options Market Data
According to Greeks.Live, BTC Dvol has fallen below 70%, indicating a continued release of downward pressure on implied volatility (IV) as noted at the end of the previous month. Recent block trading activity has shown a decline, primarily marked by the purchase of call options by whales post the Bitcoin halving. The substantial margin available to these large investors underscores the significance of monitoring their subsequent actions.
Furthermore, the data from Greeks.Live shows that 18,000 BTC options are set to expire, characterized by a Put Call Ratio of 0.64, a Maxpain point at $68,000, and a notional value of $1.2 billion. Today marks the first weekly delivery day followin
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