Will Markets Fall Further When $4.8B Crypto Options Expire Today?
Around 33,700 Bitcoin options contracts will expire on Friday, August 22, and they have a notional value of roughly $3.8 billion.
This expiry event is smaller than last week’s and unlikely to influence spot markets, which have started to move higher after a mid-week correction.
All eyes are on the Federal Reserve Chair speaking at Jackson Hole today, as a hawkish stance could induce more volatility, and markets are already starting to react.
Bitcoin Options Expiry
This week’s batch of Bitcoin options contracts has a put/call ratio of 1.32, meaning that there are quite a few more short contracts expiring than longs, as short sellers increase following the correction. There is a max pain point of $118,000 where most…
