Will Crypto Markets Fall Further When $6.3B Bitcoin Options Expire?
3 billion. This event is larger than usual for the end of the month, so it may affect spot markets. Crypto markets have been in decline all week, with around $120 billion leaving the space as Bitcoin continues to weaken and Ether gets crushed.
Escalation of US military action in the Middle East has pushed investors into panic mode, and the sell-off has accelerated. 85, meaning that sellers of longs and shorts are pretty evenly matched. Max pain is around $75,000, according to Coinglass, which is a little higher than current spot prices, so some could be out of the money on expiry.
2 billion in OI at $60,000. 5 billion, according to Coinglass. Although Bitcoin has fallen to a “very dangerous level,” implied volatility (IV) has not risen significantly, reported derivatives provider Greeks Live on Thursday.
Under these circumstances, today’s expiry appears likely to “significantly alter the current options position structure,” they added. ” BTC’s price has begun to break below the Gex concentration zone, and the resistance from open interest will continue to weaken. Meanwhile, since Gex is concentrated around $2,000, ETH has also broken below the Gex resistance level.
77. 9 billion. 6 billion, the largest event for many weeks.
55 trillion on Friday morning in Asia, their lowest level since April 13. BTC managed to recover $73,000 after falling below it twice on Thursday, but its market structure remains weak and further losses look likely. ETH had reclaimed $2,000 at the time of writing, but also looked very weak and deep in bear market territory.
Crypto could be further pressured by US inflation, which increased at its fastest pace in three years in April as measured by this week’s PCE report. 3B Bitcoin Options Expire? appeared first on CryptoPotato .
