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Bitcoin Volatility Today: How Will Crypto Markets React When $3B BTC Options Expire
As the end of another week approaches, the crypto markets are bracing themselves for a significant event – the expiration of around 27,300 Bitcoin options contracts worth approximately $3 billion. This massive amount of outstanding contracts has raised concerns about potential volatility in the market.
Firstly, it is essential to understand that this event will not have the same impact as last week’s massive $17B expiry. However, it still carries significant weight and may influence market sentiment. The end of another week has rolled around, which means more crypto options contracts are expiring as spot markets turn green.
It can be seen from the graph above that the put/call ratio remains 1, indicating that there is an even split in bearish and bullish sentiments among traders.
Source: cryptopotato.com
