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About $2.1 Billion in Bitcoin Options Expired Today

About $2.1 Billion in Bitcoin Options Expired Today



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17 Comments

  1. I’m interested to see how these affect the price at all. The options market can affect a stock significantly and it’ll be interesting to see if crypto behaves the same way.

  2. “Nathan Cox, Chief Investment Officer at digital asset fund Two Prime, told Decrypt that a number of “timely trades” were placed in the leadup to the massive price crash earlier this month, which halved the price of Bitcoin from highs of $64,000 last month. One buyer purchased huge amounts of options contracts at a strike price of $46,000, “indicating that some traders either knew what was coming or were anticipating a pullback in the market.”

    Yep

  3. tldr; Around $2.1 billion worth of Bitcoin options contracts expired at 8:00am UTC today. Bitcoin options are derivatives contracts that provide buyers with the right, but not the obligation, to buy Bitcoin at a certain price in the future. Last month, $3.6 billion in Bitcoin options expired with the max pain price of $54,000.{}

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  4. For those too lazy to click a link:

    “For this month’s options contracts, the max pain—the strike price at which the highest number of contracts expire at no profit—is $50,000. Last month, $3.6 billion in Bitcoin options expired with the max pain price of $54,000.”

    So bearish, but smaller contraction, unless FUD.

What do you think?

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