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Analysis

$3 Billion Worth Of Bitcoin Options To Expire On October 27th

October 27, 2023 - Around 2 mins mins to read

Key Points:

  • 87,000 Bitcoin options are about to expire with a Put Call Ratio of 0.88 and a max pain point of $29,000, representing a notional value of $2.98 billion.
  • BTC reached a new high for the year at $36,000 on October 24th, driving increased volatility in the market.
  • 880,000 ETH options are also about to expire with a Put Call Ratio of 0.47 and a max pain point of $1,650, with a notional value of $1.57 billion.
$3 Billion Worth Of Bitcoin Options are about to expire. Put Call Ratio at 0.88, max pain point $29k. BTC reached $36k, increased volatility. Selling activity from a large whale may impact market trend. 880k ETH options also expiring.

According to Greeks.live, the Bitcoin options market is experiencing significant activity as 87,000 BTC options are about to expire. The Put Call Ratio stands at 0.88, indicating a slightly higher number of put options compared to call options.

$3 Billion Worth Of Bitcoin Options To Expire On October 27th

The max pain point is set at $29,000, which suggests that the market may gravitate towards this price. The notional value of these options is a staggering $2.98 billion.

BTC has been the driving force in the market, reaching a new high for the year at $36,000 on October 24th. This surge in price has led to increased volatility, as reflected in the rising full-term implied volatility (IV).

Bitcoin Options To Expire

However, despite the positive market sentiment, there has been notable selling activity from a large whale in the second half of the week, potentially impacting the continuation of the market’s upward trend.

Additionally, 880,000 ETH options are about to expire with a Put Call Ratio of 0.47, a max pain point of $1,650 and a notional value of $1.57 billion.

$3 Billion Worth Of Bitcoin Options To Expire On October 27th

In a previous expiration on October 6th, 14,000 BTC options valued at $400 million and 200,000 ETH options valued at $330 million were set to expire.

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.

# Bitcoin

# Bitcoin analysis

# Bitcoin ETF

# Bitcoin future

# Bitcoin options

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Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
Analysis

$3 Billion Worth Of Bitcoin Options To Expire On October 27th

Key Points:

  • 87,000 Bitcoin options are about to expire with a Put Call Ratio of 0.88 and a max pain point of $29,000, representing a notional value of $2.98 billion.
  • BTC reached a new high for the year at $36,000 on October 24th, driving increased volatility in the market.
  • 880,000 ETH options are also about to expire with a Put Call Ratio of 0.47 and a max pain point of $1,650, with a notional value of $1.57 billion.
$3 Billion Worth Of Bitcoin Options are about to expire. Put Call Ratio at 0.88, max pain point $29k. BTC reached $36k, increased volatility. Selling activity from a large whale may impact market trend. 880k ETH options also expiring.

According to Greeks.live, the Bitcoin options market is experiencing significant activity as 87,000 BTC options are about to expire. The Put Call Ratio stands at 0.88, indicating a slightly higher number of put options compared to call options.

$3 Billion Worth Of Bitcoin Options To Expire On October 27th

The max pain point is set at $29,000, which suggests that the market may gravitate towards this price. The notional value of these options is a staggering $2.98 billion.

BTC has been the driving force in the market, reaching a new high for the year at $36,000 on October 24th. This surge in price has led to increased volatility, as reflected in the rising full-term implied volatility (IV).

Bitcoin Options To Expire

However, despite the positive market sentiment, there has been notable selling activity from a large whale in the second half of the week, potentially impacting the continuation of the market’s upward trend.

Additionally, 880,000 ETH options are about to expire with a Put Call Ratio of 0.47, a max pain point of $1,650 and a notional value of $1.57 billion.

$3 Billion Worth Of Bitcoin Options To Expire On October 27th

In a previous expiration on October 6th, 14,000 BTC options valued at $400 million and 200,000 ETH options valued at $330 million were set to expire.

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.