Around 195,400 Bitcoin options contracts will expire on Friday, Mar. 27, with a notional value of roughly $13.4 billion.
Key takeaways
Quick scan — what you need to know:
- Around 195,400 Bitcoin options contracts will expire on Friday, Mar.
- 27, with a notional value of roughly $13.4 billion.
- This event is much larger than usual, being an end-of-month and end-of-quarter expiry, so there may be some volatility in spot markets.
- Crypto prices have been flat over the past week, with total capitalization returning to Monday’s levels.
Background
What led here, in plain terms:
- Bitcoin Options Expiry This week’s big batch of Bitcoin options contracts has a put/call ratio of 0.61, meaning that there are many more longs than shorts expiring.
- Max pain is around $75,000, according to Coinglass, which is much higher than current spot prices, so many could be out of the money on expiry.
- Open interest (OI), or the value or number of Bitcoin options contracts yet to expire, remains highest at the $60,000 strike price on Deribit, with $1.6 billion in bearish bets.
- Total BTC options OI across all exchanges has been climbing this month, reaching $45 billion.
Why it matters
Why readers and decision-makers should care:
- Ether prices are in serious danger of dropping below $2,000 again over the weekend and were trading at $2,070 at the time of writing.
- The post How Will Huge $15B End-of-Quarter Crypto Options Expiry Move Markets Today?
- appeared first on CryptoPotato.