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Cryptopotato
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Will Markets Move Higher When $2.6B Bitcoin Options Expire?
- Around 26,000 Bitcoin options contracts worth $2.57 billion are set to expire on Friday.
- Bitcoin options have a put/call ratio of 0.91, with a max pain point of $93,000.
- Total capitalization of the crypto market has reached $3.33 trillion, driven by Bitcoin and Ethereum.
- Bitcoin price surged to $103,461, just 5.4% below its all-time high, while Ethereum rose over 20% to exceed $2,200.
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