Will Today’s Big $6.6B Bitcoin Options Expiry Send Markets Back Down?

This Friday, around 107,000 Bitcoin options contracts will expire, with a notional value of $6.6 billion.

Moreover, it is an end-of-month expiry event, which is much larger than usual end-of-week expiries so there may be a little market volatility.

Bitcoin Options Expiry

Today’s huge tranche of BTC derivatives has a put/call ratio of 0.5, meaning that twice as many long (call) contracts are expiring as shorts (puts). The max pain point, or price at which most losses will be made, is $57,000, which is around $4,000 lower than current spot prices.#bitcoin #BinanceTournament #bitcoin☀️ #BitcoinPizzaDay2024