Approximately 48,700 Bitcoin options contracts are expiring on Friday, Nov. 8, with a notional value of around $3.7 billion.<\/p>\n
Today\u2019s options expiry is much larger than last week\u2019s<\/a> following a period of increased volumes and volatility on markets, which have been boosted by Donald Trump\u2019s presidential victory in the United States and the premise<\/a> of a clearer regulatory environment.<\/p>\n This week\u2019s big batch of Bitcoin options contracts has a put\/call ratio of 0.72, meaning that there are more long (calls) than short (puts) contract expiries. Additionally, open interest (OI), or the value or number of open options contracts yet to expire, is highest at the $80,000 strike price with $1.7 billion in OI, according<\/a> to Deribit.<\/p>\n Crypto derivatives provider Greeks Live commented<\/a> that the election market is rapidly cooling off, and despite strong gains in both Bitcoin and Ethereum and optimistic sentiment in the industry, \u201cthe options market is closing out profit taking in a noticeable way to end the election game.\u201d<\/p>\n \u201cBTC doomsday options have fallen below 50%, and IVs [implied volatility] are down significantly across all major terms, with ETH benefiting from today\u2019s big gains and falling back less than BTC.\u201d<\/p>\n <\/a>Bitcoin OI by expiration. Source: Deribit<\/p>\n In addition to today\u2019s Bitcoin options, there are around 294,000 Ethereum options contracts ready to expire with a put\/call ratio of 0.65 and a notional value of $850 million. This brings Friday\u2019s combined crypto options expiry notional value to around $4.5 billion.<\/p>\n Crypto market momentum has continued in the wake of Wednesday\u2019s US election results. Total capitalization is currently at $2.67 trillion, its highest for five months.<\/p>\n Bitcoin tapped another<\/a> new all-time high<\/a> of $76,872 during late trading on Nov. 7, as the Federal Reserve cut rates by another 0.25%, according to CoinGecko. This brings its total gains to almost 22% over the past 30 days.<\/p>\n Ethereum is also finally on the move, tapping an intraday high of $2,950 during early trading in Asia on Friday morning. The asset, which has been plagued by FUD<\/a> recently, has made an impressive 15% over the past week.<\/p>\n Most of the altcoins are cooling after recent rallies, but Solana (SOL) and Cardano (ADA) are leading them with 5% and 14% daily gains, respectively.<\/p>\n The post Will Crypto Markets See New Peaks as $3.7B Bitcoin Options Expire Today?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Approximately 48,700 Bitcoin options contracts are expiring on Friday, Nov. 8, with a notional value of around $3.7 billion. Today\u2019s options expiry is much larger than last week\u2019s following a period of increased volumes and volatility on markets, which have been boosted by Donald Trump\u2019s presidential victory in the United States and the premise of […]<\/p>\n","protected":false},"author":0,"featured_media":18854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18853","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\/18853"}],"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=18853"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/18854"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Options Expiry<\/h2>\n
Bitcoin Hits Another ATH, ETH Surging<\/h2>\n
![<\/a>Bitcoin OI by expiration. Source: Deribit<\/p>\nIn addition to today\u2019s Bitcoin options, there are around 294,000 Ethereum options contracts ready to expire with a put\/call ratio of 0.65 and a notional value of $850 million. This brings Friday\u2019s combined crypto options expiry notional value to around $4.5 billion.<\/p>\nBitcoin Hits Another ATH, ETH Surging<\/h2>\nCrypto market momentum has continued in the wake of Wednesday\u2019s US election results. Total capitalization is currently at $2.67 trillion, its highest for five months.<\/p>\nBitcoin tapped another<\/a> new all-time high<\/a> of $76,872 during late trading on Nov. 7, as the Federal Reserve cut rates by another 0.25%, according to CoinGecko. This brings its total gains to almost 22% over the past 30 days.<\/p>\nEthereum is also finally on the move, tapping an intraday high of $2,950 during early trading in Asia on Friday morning. The asset, which has been plagued by FUD<\/a> recently, has made an impressive 15% over the past week.<\/p>\nMost of the altcoins are cooling after recent rallies, but Solana (SOL) and Cardano (ADA) are leading them with 5% and 14% daily gains, respectively.<\/p>\nThe post Will Crypto Markets See New Peaks as $3.7B Bitcoin Options Expire Today?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Approximately 48,700 Bitcoin options contracts are expiring on Friday, Nov. 8, with a notional value of around $3.7 billion. Today\u2019s options expiry is much larger than last week\u2019s following a period of increased volumes and volatility on markets, which have been boosted by Donald Trump\u2019s presidential victory in the United States and the premise of […]<\/p>\n","protected":false},"author":0,"featured_media":18854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18853","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\/18853"}],"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=18853"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/18854"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/11\/bitcoinoi-1.jpg\"){kind=link}