Today, the crypto market could experience increased volatility with the expiration of 28,000 Bitcoin options, totaling 2 billion dollars. This event, although less significant than last week’s expiration, remains crucial for investors and traders and could have sharp consequences on their portfolios. Which ones?
Expiration of 2 billion dollars in Bitcoin options! Key figures to watch closely
The put/call ratio of these options is 0.92, which indicates a slight predominance of call options over put options. The maximum "pain point", that is the price at which the greatest number of options expire without value, is at $69,000, very close to the current Bitcoin price. This means that price movements around this level could be particularly influential. The expiration of options can often result in significant price fluctuations. Traders adjust their positions to maximize their profits and minimize their losses, which can trigger market movements. Additionally, open positions on options add an additional layer of complexity and pressure to the Bitcoin market.
Short-term market outlook
Although less important than the expiration of the week the pressure remains high. Investors closely monitor BTC price movements and adjust their strategies accordingly. Price fluctuations around the "sensitive point of $69,000 will be particularly monitored, as they determine the short-term direction of the market. The Bitcoin market has been particularly volatile lately, with a notable recent surge. With the upcoming U.S. elections, volatility could peak, making price movements even more unpredictable. Investors should therefore remain vigilant during this increased period.