Will Crypto Markets React to $2B Bitcoin Options Expiring
Around 21,300 Bitcoin options contracts will expire on Friday, Feb. 14, and they have a notional value of roughly $2 billion.
This week’s expiry event is a little smaller than last week’s, which had very little impact on spot markets, which have lacked luster despite the steady stream of bullish news emerging from the United States.
Bitcoin Options Expiry
This week’s batch of Bitcoin options contracts has a put/call ratio of 0.67, meaning that there are slightly more call (long) contracts expiring than puts (shorts). The max pain point, or price where most losses will be made, is $98,000.
Moreover, open interest (OI), or the value or number of BTC options contracts yet to expire, is highest at the $120,000 strike…
