This Friday, around 107,000 Bitcoin options contracts will expire, with a notional value of $6.6 billion.Today’s huge tranche of BTC derivatives has a put/call ratio of 0.5, meaning that twice as many long contracts are expiring as shorts . 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.
Crypto derivatives tooling provider Greeks Live commented that June had been a tough month for the crypto market, “with a more pessimistic atmosphere as BTC and ETH prices at one point approached the max pain point, which investors thought was impossible to reach.”107K BTC options are expiring with a Put Call Ratio of 0.5, a Maxpain point of $57,000 and a notional value of $6.6 billion.
In addition to the big batch of Bitcoin options, around a million Ethereum options are expiring today. These have a put/call ratio of 0.59, a max pain point of $3,100, and a notional value of $3.6 billion. This pushed the total crypto options expiration notional value to over $10 billion.will be clearer early next month, observed Greeks Live, which added that the implied volatility “will be under strong downward pressure for a few days after today’s delivery.
Source: Digital Coin News (digitalcoinnews.net)
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