Amid the crypto market’s recovery from the slump, a fear of the crash is building as the $3.33B worth of Bitcoin and Ethereum options have expired today. Although crypto options expiry is nothing major, historical records reveal the formation of additional volatility around these events. Interestingly, the crypto options expire once they become worthless (if not used), but once they expire, the market witnesses slight to significant volatility depending on the investors’ sentiments. Let’s discuss. Bitcoin and Ethereum Options Expired Today According to the Deribit exchange official post, $3.33B in Bitcoin (BTC) and Ethereum (ETH) options were set to expire on the platform and have officially expired at the time of publishing. Out of this, the $2.76B notional value was for the BTC options, with the main pain point being $100k, and a Put/ Call Ratio of 1.02, which is neutral to slightly bullish for the token. In case of… Read More at Coingape.com
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