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Bitcoin is Preparing for a Billion Dollar Fill: This Level Could Be Important - Koin Newsletter
Bitcoin (BTC), one of the most profitable investment instruments of recent days, is preparing for its billion-dollar maturity at noon today.
According to data from Deribit, the most preferred cryptocurrency exchange by option investors, Bitcoin options worth 1.1 billion dollars in total will expire today.
The number of open positions in call options was 11 thousand 120, while for put options it was 10 thousand 45. The put/call ratio was determined as 0.9.
A put/call ratio of 0.7 or above may indicate that the bears in the market are starting to gain strength.
Among the options expiring today, those with the largest volume were those with a strike price of 50 thousand dollars.
It was announced that the maximum pain point was 46 thousand dollars. Large investors may try to push the price to the max pain point against small investors so that option buyers get maximum loss and sellers get maximum profit.