How Will Markets React as $10B in Crypto Options Expire Today?
Friday is here again, and it is the end of the month, which means a bumper Bitcoin options expiry event.
cryptopotato.com
As a massive $10 billion in crypto options are set to expire, the market is buzzing with anticipation. This includes around 80,000 Bitcoin options contracts valued at $8.36 billion and 600,000 Ethereum contracts worth $1.95 billion. Despite the size of this expiry event, such occurrences rarely shake up the spot markets, which have been pretty stable this week. The put/call ratio for Bitcoin options is 0.68, indicating more long positions than shorts. Meanwhile, Bitcoin's price has been fluctuating, hitting $106,000 before dipping slightly. Ethereum is also struggling to gain momentum, trading just over $3,200. Analysts are hopeful for a better February, as historically, it tends to be a more favorable month for crypto prices.
Top comments (0)