Bitcoin

Coin

<ul class="news-points"> 
 <li><strong>Greeks Live data shows that Bitcoin options worth around $640 million will expire today.</strong></li> 
 <li><strong>The platform said the maximum pain point for the Bitcoin options is $28,000, nearly $1,900 lower than current spot prices.</strong></li> 
 <li><strong>Greeks Live stated that “a big market could be just around the corner after such a long bear market.”</strong></li> 
</ul> 
<p>Trading tool solution provider Greeks Live reported that Bitcoin options worth around $640 million would expire on Friday, October 20. <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/">Bitcoin, the world’s largest cryptocurrency</a>, has seen a massive rebound lately, with the price teetering on the edge of $30k.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Oct 20 Options Data<br>23,000 BTC options are about to expire with a Put Call Ratio of 0.82, a max pain point of $28,000 and a notional value of $640 million.<br>210,000 ETH options are about to expire with a Put Call Ratio of 0.84, a max pain point of $1,600 and a notional value of… <a href="https://t.co/B82dJNmVAN" target="_blank" rel="nofollow">pic.twitter.com/B82dJNmVAN</a></p>— Greeks.live (@GreeksLive) <a href="https://twitter.com/GreeksLive/status/1715192023832289571?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 20, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Greekslive said the put/call ratio on October 20 for Bitcoin options expiry is 0.82, with a notional value of $640 million. That means there are more sellers of long contracts than shorts. The options tracker continued that the maximum pain point …</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/640m-in-btc-options-set-to-expire-today-another-big-boost/">$640M in BTC Options Set to Expire Today; Another Big Boost?</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

$640M in BTC Options Set to Expire Today; Another Big Boost?

Coin Edition

Other articles published on Oct 20, 2023

XRP Soars As SEC’s ”Stunning Capitulation” Sees It Drop Case Against Ripple’s Garlinghouse, Larsen

AI Partnership Announcement by UMG to Protect Artist’s Rights

XRP Sees a 9% Price Surge as Major Transfers Hit Exchanges

DTCC enters digital asset space through acquisition of Securrency

Crypto Market Watch: Bitcoin & Altcoins Bulls Take Control – What Next?

Angola (AGLA) Price Prediction 2024, 2025, 2030, 2040, and 2050

Join our free newsletter for daily crypto updates!