Will Crypto Markets Bounce Back When $3.4B Bitcoin Options Expire Today?
Around 38,500 Bitcoin options contracts will expire on Friday, Nov. 15, and they have a notional value of around $3.4 billion.
Today’s options expiry is pretty similar in magnitude to last week’s, as markets have remained buoyant for most of the week.
However, analysts have cautioned that a correction is due following the largest rally for around eight months.
Bitcoin Options Expiry
This week’s tranche of Bitcoin options contracts has a put/call ratio of 0.84, meaning that there are slightly more long (calls) than short (puts) expiries.
Moreover, open interest (OI), or the value or number of open options contracts yet to expire, is high at the $80,000, $90,000, and $100,000 strike prices, which are all within the…
