Around 40,000 Bitcoin options contracts will expire on Friday, August 15, and they have a notional value of roughly $4.8 billion.
This expiry event is slightly larger than last week’s, but it is still unlikely to be enough to influence spot markets, which have notched all-time highs in terms of market capitalization this week.
Bitcoin Options Expiry
This week’s tranche of Bitcoin options contracts has a put/call ratio of 0.90, meaning that there are almost as many long contracts expiring as shorts, and the bulls and bears are evenly matched.
Open interest (OI), or the value or number of BTC options contracts yet to expire, is highest at $140,000, which has surged to almost $3.2 billion at this strike price on Deribit. There is also around $2.4 billion OI at $120,000 strike price as the bull speculators load up on contracts and dwindling OI for lower strike prices.
Additionally, total Bitcoin futures OI currently stands at $83.3 billion, which is near record highs, according to Coin
We współpracy z: https://cryptopotato.com/will-crypto-markets-surge-higher-when-5b-bitcoin-options-expire/
