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Bitcoin

$650 Million Bitcoin Option To Be Liquidated, Sellers Suffer Big Losses

June 16, 2023 - Around 2 mins mins to read

Key Points:

  • The expiration of 25,000 Bitcoin options with a Put Call Ratio of 0.73, a maximum pain point of $26,000, and a notional value of $650 million is offering.
  • Investors are trying to push the price up, causing the put options to be losing money.
Currently, the June 16 option at Bitcoin’s price of $26,000 is going to expire, and investors who sell are suffering more losses.
$650 Million Bitcoin Option To Be Liquidated, Sellers Suffer Big Losses

According to Greeks.live, 25,000 BTC options with a Put Call Ratio of 0.73, a maximum pain point of $26,000, and a notional value of $650 million are about to expire. 179,000 ETH options with a Put Call Ratio of 0.72, a maximum pain point of $1,750, and a notional value of $290 million are set to expire.

$650 Million Bitcoin Option To Be Liquidated, Sellers Suffer Big Losses
Source: Greeks.live

This week’s market decline has been dramatic. With a significant retreat of market makers and a significant loss in liquidity, the danger of recent spikes and falls is increasing, but this is also a once-in-a-lifetime chance for the investor. Given the current landscape, call options are dominating, with Bitcoin being pushed to the $26,000 price zone.

$650 Million Bitcoin Option To Be Liquidated, Sellers Suffer Big Losses
BTC price chart. Source: TradingView

Bitcoin options are financial derivatives that allow investors to use leverage to bet on the price of the digital currency or hedge their digital asset holdings. Bitcoin options, which are available on both standard derivatives exchanges and crypto trading platforms, have developed as a popular financial tool for sophisticated crypto traders. The Max Pain Point is the price at which option holders will suffer the most loss after expiry.

Bitcoin fell to a multi-month low yesterday as the market continued to react to the US Federal Reserve’s (Fed) decision not to raise interest rates. Chairman Jerome Powell has forecast two more hikes, with core inflation still above the level the Fed wants. However, given the current momentum of the coin, we can still expect a rally in the near term.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

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Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Bitcoin, Market

$650 Million Bitcoin Option To Be Liquidated, Sellers Suffer Big Losses

Key Points:

  • The expiration of 25,000 Bitcoin options with a Put Call Ratio of 0.73, a maximum pain point of $26,000, and a notional value of $650 million is offering.
  • Investors are trying to push the price up, causing the put options to be losing money.
Currently, the June 16 option at Bitcoin’s price of $26,000 is going to expire, and investors who sell are suffering more losses.
$650 Million Bitcoin Option To Be Liquidated, Sellers Suffer Big Losses

According to Greeks.live, 25,000 BTC options with a Put Call Ratio of 0.73, a maximum pain point of $26,000, and a notional value of $650 million are about to expire. 179,000 ETH options with a Put Call Ratio of 0.72, a maximum pain point of $1,750, and a notional value of $290 million are set to expire.

$650 Million Bitcoin Option To Be Liquidated, Sellers Suffer Big Losses
Source: Greeks.live

This week’s market decline has been dramatic. With a significant retreat of market makers and a significant loss in liquidity, the danger of recent spikes and falls is increasing, but this is also a once-in-a-lifetime chance for the investor. Given the current landscape, call options are dominating, with Bitcoin being pushed to the $26,000 price zone.

$650 Million Bitcoin Option To Be Liquidated, Sellers Suffer Big Losses
BTC price chart. Source: TradingView

Bitcoin options are financial derivatives that allow investors to use leverage to bet on the price of the digital currency or hedge their digital asset holdings. Bitcoin options, which are available on both standard derivatives exchanges and crypto trading platforms, have developed as a popular financial tool for sophisticated crypto traders. The Max Pain Point is the price at which option holders will suffer the most loss after expiry.

Bitcoin fell to a multi-month low yesterday as the market continued to react to the US Federal Reserve’s (Fed) decision not to raise interest rates. Chairman Jerome Powell has forecast two more hikes, with core inflation still above the level the Fed wants. However, given the current momentum of the coin, we can still expect a rally in the near term.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

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