Approximately 98,500 Bitcoin options contracts will expire on Friday, Nov. 29, in a large end-of-month expiry event.<\/p>\n
They have a notional value of $9.48 billion, which is more than triple that of last week\u2019s<\/a> expiry. However, it is still likely to be eclipsed by the end of December\u2019s year-end event.<\/p>\n This week\u2019s tranche of Bitcoin options contracts has a put\/call ratio of 0.84, meaning that slightly more long (call) contracts are expiring than short (puts) contracts.<\/p>\n According to Deribit, open interest, or the value or number of options contracts yet to expire, is highest at the $100,000 strike price, with $2 billion in OI.<\/p>\n Crypto derivatives provider Greeks Live reported<\/a> that the Bitcoin options market has seen massive block trades, with more than $120 million in cumulative block call option trades being made on Nov. 26.<\/p>\n \u201cThe giant whales are on the move, and a big market is likely just around the corner,\u201d it added.<\/p>\n Source: Deribit<\/p>\n \u201cBTC realized volatility has dropped to 50, while ETH holds firmer at 70. Implied volatility is flat for BTC but climbing for ETH,\u201d noted<\/a> Deribit in its weekly bulletin.<\/p>\n In addition to today\u2019s Bitcoin options, around 412,000 Ethereum contracts are expiring today. These have a notional value of $1.47 billion and a put\/call ratio of 0.74, bringing Friday\u2019s combined crypto options expiry notional value to around $11 billion.<\/p>\n Total market capitalization has remained flat over the past 24 hours at $3.5 trillion, close to its all-time high. Since the beginning of November, around a trillion dollars have entered the crypto asset space.<\/p>\n Bitcoin took an intraday dip to $94,700 before rebounding strongly during the Friday morning Asian trading session, adding $2,000 and tumbling to $96,700. The asset appears to be consolidating at this level, where it has been for the past week or so.<\/p>\n We got a 11% pullback on $BTC<\/a> and people are literally saying the end is imminent. <\/p>\n It was literally less than 10 days ago when the same people were asking for a pullback to buy.<\/p>\n Now they are saying “I’ll wait for lower”.<\/p>\n Ok.<\/p>\n \u2014 Greeks.live (@GreeksLive) November 28, 2024<\/a><\/p>\n\n Ethereum has largely held on to gains and was trading just below $3,600 at the time of writing.<\/p>\n XRP was performing well, climbing 7% to reach $1.57, while Cardano (ADA) was up 5% to reach $1.05 at the time of writing. Altcoins, in general, were making gains this Friday as markets remained buoyant despite the minor pullback.<\/p>\n The post Will $9.5B Bitcoin Options Expiry Drive Markets Higher?\u00a0<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Approximately 98,500 Bitcoin options contracts will expire on Friday, Nov. 29, in a large end-of-month expiry event. They have a notional value of $9.48 billion, which is more than triple that of last week\u2019s expiry. However, it is still likely to be eclipsed by the end of December\u2019s year-end event. Bitcoin Options Expiry This week\u2019s […]<\/p>\n","protected":false},"author":0,"featured_media":24418,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-24417","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\/24417"}],"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=24417"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/24417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/24418"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Options Expiry<\/h2>\n
Crypto Market Outlook<\/h2>\n