2023-3-30 12:15 |
Quick Take Just over $4 billion notional worth of Bitcoin options are set to expire tomorrow (March 31). This would be an all-time high for options open interest. Max pain is sitting around $24,000. The breakdown of the open interest is 81,100 BTC in terms of call options and 60,4450 BTC in terms of put options. This gives the market a put/call ratio of 0.75. CryptoSlate has previously discussed that the liquidity situation is at a ten-month low in Bitcoin — which can quickly drive the price up or down. While options open interest is now significantly higher than futures open interest for the first time, according to Glassnode data. Options vs. Futures: (Source: Glassnode) Open Interest: (Source: Deribit)
The post Record-breaking BTC options set to expire with over $4B notional value appeared first on CryptoSlate.
Similar to Notcoin - Blum - Airdrops In 2024