Around 23,200 Bitcoin options contracts will expire on Friday, April 18, and they have a notional value of roughly $1.9 billion.
This week’s event is smaller than previous weeks, but only marginally. Derivatives and spot crypto trading have been declining as volumes and volatility dried up, so the impact on spot markets is likely to be minimal.
Bitcoin Options Expiry
This week’s tranche of Bitcoin options contracts has a put/call ratio of 0.92, meaning that the short and long contract sellers are pretty closely matched. There is also a max pain point of $82,000, which is where most losses will be made on expiry.
Moreover, open interest (OI), or the value or number of BTC options contracts yet to expire, is highest at the $100,000 strike price, with around $1.4 billion, indicating a bullish shift in sentiment as derivatives speculators bet on higher prices.
However, there is a fair amount of OI at the $75,000 strike price as the bears are maintaining their short positions, according
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