Will Markets Continue to Fall When $3B Crypto Options Expire Today? 

Will Markets Continue to Fall When $3B Crypto Options Expire Today? 

Table of Contents

The validity of about 26,500 contracts will end Bitcoin on Friday, May 16, and it has a virtual value of approximately $ 2.7 billion.

It is very similar to this week to a large extent Last weekAnd the derivatives of the encryption trading have not yet picked up. Immediate markets have seen strong growth with Bitcoin restoring six numbers, but it seems that the momentum is now cooling when it starts to correct.

Ending encryption options

This week’s batch of Bitcoin Options contracts are characterized by a PUT/Call 0.99, which means that short and long contract sellers are equally identical. There is also a maximum pain point of $ 100,000, or about 4000 dollars less than the current instant prices, as most of the losses will end.

Moreover, this is also the level in which the most open interest (OI), or the value or number of BTC options contracts so far, has $ 1.5 billion. Other hot strike prices include OI’s height of $ 110,000 and 120,000 dollars, as speculators are betting at the highest new level ever.

“The market participants are divided into whether Bitcoin will reach a new ATH soon, as many expect this in May or June, but others expect rejection before ATH,” said the Greeks on the market. to update Earlier this week.

“It seems that there is increasing caution as traders notice that the market looks excessive, with a special focus at the level of $ 105,000 as a potential inverse area.”

He added that there was a “defensive situation” among the merchants of encryption options, and many of them “get profits on long calls and rotate to more defensive sites because they feel that everyone has rushed.”

In addition to today’s group of Bitcoin options, there are about 220,000 ETHEREUM nodes that end today, with a virtual value of $ 570 million, a maximum pain point of $ 2,200, and the PUT/Call ratio of 1.24. This raises the value of joint encryption options on Friday to about $ 3.2 billion.

Expectations of the encryption market

The total market value has decreased by 2 % over the past 24 hours, as it has decreased to $ 3.45 trillion.

Bitcoin She held the gains, as she distorted the trend, with a daily increase by 1.2 % to recover 104,000 dollars during the Asian trading session on Friday morning. The assets exceeded between 102,000 dollars and $ 104,000 during the past week, but it could start weak if the new capital does not come soon.

Ethereum remained flat a day, circulating about $ 2570 at the time of writing this report, as it failed to break the resistance at $ 2700.

Altcoins is generally mixed with XRP, Dogoin, ChainLink and Avalance, simple gains for Binance, Sui and Hyperleliber.

Special offer (sponsored)

Binance Free $ 600 (exclusive Cryptopotato): Use this link To register a new account and receive an exclusive welcome of $ 600 on Binance ((Full details).

Limited offer for Cryptopotato readers in bybit: Use this link To register and open the position of 500 dollars for free on any currency!

Our offer on Sallar Marketplace