Ethereum

Cardano

Solana

Bitcoin

Billion

Last Friday marked a significant day for <a href="https://optimisus.com/news/crypto-news/bitcoin-btc-trading-below-41000-poses-a-challenge-for-bulls/">Bitcoin (BTC)</a>, with around 25,000 Bitcoin options contracts set to expire, amounting to a total value of $1.11 billion.   
The options market reveals a higher number of long positions (calls) compared to short positions (puts), indicating an overall optimistic sentiment among traders.   
Key price levels at $40,000, $45,000, and the coveted $50,000 mark are in focus as traders assess potential outcomes.   
Despite the anticipation surrounding these expiries, the market presents mixed signals, with Bitcoin currently hovering around the $44,000 range.   
Notably, large traders appear to be hedging against potential downward movements, evident in substantial put buying observed in both Bitcoin and Ethereum markets.   
In addition to <a href="https://optimisus.com/news/crypto-news/michael-saylor-the-chairman-of-microstrategy-gains-over-1-5-billion-from-his-btc-investments/">Bitcoin</a>, Ethereum options are also expiring today, involving 217,000 contracts valued at approximately $491 million. Ethereum traders are closely monitoring key levels around $2,400 and $2,500.   
Despite the expiries and the nuanced signals in the Bitcoin market, the overall cryptocurrency market is displaying resilience and positive performance.   
The total market capitalization has surged to $1.74 trillion, reaching its highest point since early May 2022. Both Bitcoin and Ethereum have recorded gains, while altcoins like Solana and Cardano lead the market with notable increases. 
The post <a href="https://optimisus.com/news/crypto-news/1-1-billion-in-bitcoin-btc-options-about-to-expire/">$1.1 Billion in Bitcoin (BTC) Options About to Expire</a> appeared first on <a href="https://optimisus.com">Optimisus</a>.

$1.1 Billion in Bitcoin (BTC) Options About to Expire

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