Around 37,000 Bitcoin options contracts will expire on Friday, Dec. 5, and they have a notional value of roughly $3.4 billion. This expiry event is much smaller than recent ones, so there is not likely to be any impact on spot markets, which have stabilized somewhat after Monday’s sell-off and quick recovery.
US government economic data is flowing again, and labor market and employment data look a little gloomy, which is good news for Federal Reserve rate cut expectations next week. The probability of a 0.25% rate cut on December 10 has now increased to 87% according to CME futures.
Bitcoin Options Expiry
This week’s batch of Bitcoin options contracts has a put/call ratio of 0.94, meaning that longs and shorts are almost evenly matched. Max pain is around $91,000, according to Coinglass.
Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, is highest at $100,000, which has $2.7 billion at this strike price on Deribit. There is also almost $2 bill
We współpracy z: https://cryptopotato.com/will-todays-3-4b-bitcoin-options-expiry-move-markets/
