Will Markets Continue to Fall When $1.8B Crypto Options Expire Today?
6 billion. This is smaller than last week’s end-of-month event, so it is unlikely to impact spot markets. Crypto markets have been in sharp decline all week, with more than $300 billion leaving the space as Bitcoin continues to weaken and Ether and the altcoins get smashed.
Military strikes between the US and Iran have continued, a deal still seems elusive, and global inflationary pressures are rising. 56, meaning that sellers of long contracts far outweigh short contract sellers. Max pain is around $71,000, according to Coinglass, which is much higher than current spot prices, so most could be out of the money on expiry.
1 billion in OI at $60,000. 6 billion, according to Coinglass. 5 billion in liquidations and a brief flush under $62,000 while its positioning skews heavily call-side, said Deribit.
81B in crypto options are set to expire on Deribit. 97. 7 billion.
85 billion, a relatively small event. 26 trillion. Bitcoin bottomed at $61,300 on Thursday and has not recovered much above this level on Friday morning.
The asset remains down over 50% from its peak and is at the bottom of its range-bound channel, where key support lies. Ether has been mauled, dropping to a 14-month low of $1,730, where it currently trades. Further losses are looking likely as we enter a red weekend for digital assets.
8B Crypto Options Expire Today? appeared first on CryptoPotato .
