Massive Bitcoin options expiry; market on the verge of rising volatility 📉
Massive Bitcoin options expiry; market on the verge of rising volatility 📉
Background
A Coin Kurd report shows that today one of the largest quarterly expiries of BTC options, with a notional value of about $9 to $10.6 billion, is taking place.
Bitcoin price according to the table: $60,106.67, up 1.02% in 24 hours. 🧐
Main Focus
📉 Open Interest exceeds 339 thousand BTC and the Put/Call ratio is about 0.37, which still shows the dominance of Call positions.
💡 A significant portion of the Calls expiring today are out of the money (OTM), and after settlement, the decline in OI could change market behavior.
🧐 Despite Max Pain being above the current price, the market remains sensitive to short-term volatility.
Implications
📈 The decline in Open Interest after settlement could increase short-term volatility.
💡 Traders are paying special attention to hedging risk with Puts and to careful position management.
🔥 The market's next direction will depend on the price reaction after the expiry ends.
Conclusion
🧐 The end of the quarterly expiry could mark the start of a new phase of volatility for Bitcoin.
#Bitcoin #Options #Deribit #Crypto
Background
A Coin Kurd report shows that today one of the largest quarterly expiries of BTC options, with a notional value of about $9 to $10.6 billion, is taking place.
Bitcoin price according to the table: $60,106.67, up 1.02% in 24 hours. 🧐
Main Focus
📉 Open Interest exceeds 339 thousand BTC and the Put/Call ratio is about 0.37, which still shows the dominance of Call positions.
💡 A significant portion of the Calls expiring today are out of the money (OTM), and after settlement, the decline in OI could change market behavior.
🧐 Despite Max Pain being above the current price, the market remains sensitive to short-term volatility.
Implications
📈 The decline in Open Interest after settlement could increase short-term volatility.
💡 Traders are paying special attention to hedging risk with Puts and to careful position management.
🔥 The market's next direction will depend on the price reaction after the expiry ends.
Conclusion
🧐 The end of the quarterly expiry could mark the start of a new phase of volatility for Bitcoin.
#Bitcoin #Options #Deribit #Crypto
Persian original · View this post on Telegram ↗ · Open in the archive · 💬 Discuss in the Coin_Kurd Telegram group · Educational, not financial advice.