Around 35,000 Bitcoin options contracts will expire on Friday, March 14, and they have a notional value of roughly $2.9 billion.
This week’s event is a little larger than last week’s, but a mammoth end-of-quarter $11 billion options contract expiry is due on March 28.
The impact on spot markets is likely to be minimal as markets digest slightly lower-than-expected inflation data from the US this week.
Bitcoin Options Expiry
This week’s batch of Bitcoin options contracts has a put/call ratio of 0.73, meaning that there are slightly more call (long) contracts expiring than puts (shorts).
Moreover, open interest (OI), or the value or number of BTC options contracts yet to expire, remains high at the $120,000 strike price, which is $1.4 billion, according to Deribit.
There is also almost $1.6 billion in OI at the $100,000 strike price and $1.3 billion at $120,000. However, the bears are getting bolder, betting almost $850 million that Bitcoin will fall to $70,0000.
Crypto derivatives
We współpracy z: https://cryptopotato.com/will-crypto-markets-react-to-3b-bitcoin-options-expiring-today/
