Approximately 17,400 Bitcoin options contracts are due for expiry on Friday, Oct. 4. These contracts have a notional value of around $1 billion.<\/p>\n
Today\u2019s options expiry is much smaller than last week\u2019s mammoth end-of-the-month and end-of-the-quarter event<\/a>, so it is unlikely to impact spot markets, which have been retreating this week.<\/p>\n This week\u2019s tranche of Bitcoin options contracts has a put\/call ratio of 0.75. This means that slightly more long (call) contracts are expiring than shorts (puts).<\/p>\n Additionally, open interest (OI), or the value of open options contracts yet to expire, is still high at the strike price of $70,000 with $841 million.<\/p>\n OI at\u00a0the $80,000 and $90,000 strike prices has fallen. However, according to Deribit, there is still $968 million at the $100,000 strike price<\/span>.<\/p>\n Crypto derivatives provider Greeks Live shared<\/a> its outlook for markets earlier this week, stating that \u201ccrypto markets are entering a shakeout\u201d before adding:<\/p>\n \u201cQuarterly delivery is over, major maturity IVs (implied volatility) are at lower levels and there is still a lot of downward pressure this week, historically October is generally a better month and now is a good opportunity to buy.\u201d<\/p>\n Bitcoin Investment Essentials, A Sneak Peek at This Week\u2019s Biggest Events (9\/30-10\/6)<\/p>\n The most important macro data this week is Friday\u2019s unemployment rate and non-farm payrolls data, and now the windy A-share market compared to the U.S. stock market is obviously much less\u2026<\/p>\n \u2014 Greeks.live (@GreeksLive) October 1, 2024<\/a><\/p>\n\n In addition to today\u2019s Bitcoin options, there are around 119,000 Ethereum options about to expire, with a notional value of $282 million and a put\/call ratio of 0.68. This brings the total expiry event to around $1.3 billion.<\/p>\n Crypto markets declined another 2% on the day, with total capitalization dropping to $2.21 trillion, its lowest level since mid-September.<\/p>\n Moreover, markets have dumped $200 billion since the beginning of this month, dispelling the hype of an \u201cUptober<\/a>\u201d to follow \u201cSlumptember.\u201d<\/p>\n Bitcoin hit an intraday low of $59,950 in late trading on Thursday but recovered to reclaim $61,000 during the Friday morning Asian trading session. However, that also looked precarious, with the asset falling back again at the time of writing.<\/p>\n Ethereum prices mirrored the action, dropping close to $2,300 before a marginal recovery to $2,370 at the time of writing. ETH has dumped 10% over the past seven days as the wave of FUD returns.<\/p>\n Most altcoins were in the red this Friday morning, as they have been for most of this week.<\/p>\n The post How Will Markets React to $1B Bitcoin Options Expiring Tomorrow<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Approximately 17,400 Bitcoin options contracts are due for expiry on Friday, Oct. 4. These contracts have a notional value of around $1 billion. Today\u2019s options expiry is much smaller than last week\u2019s mammoth end-of-the-month and end-of-the-quarter event, so it is unlikely to impact spot markets, which have been retreating this week. Bitcoin Options Expiry This […]<\/p>\n","protected":false},"author":0,"featured_media":11453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/11452"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11452"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/11452\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/11453"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11452"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11452"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11452"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Options Expiry<\/h2>\n
Crypto Market Outlook<\/h2>\n