Ethereum

Bitcoin

Coin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-options-expiry-and-market-volatility/" data-wpel-link="internal">Bitcoin Options Expiry and Market Volatility</a> 
On March 22, a significant batch of <a href="https://coin-turk.com/son-yukselis-boga-tuzagi-mi-tahminleri-cikan-4-analistin-bitcoin-ongorusu" data-wpel-link="internal">Bitcoin</a> options are set to expire, potentially increasing market volatility. <a href="https://en.coin-turk.com/bitcoin-could-plunge-like-in-2019-analyst-warns/" data-wpel-link="internal">Bitcoin</a> and the crypto markets have had a volatile week. After dropping to $61,500 on March 20, Bitcoin showed a slight recovery. The large options expiry event happening today, with about 25,300 Bitcoin contracts set to expire on March 22, could lead to further volatility. 
<h2 class="p1" style="text-align: justify" id="bitcoin-and-the-futures-market">Bitcoin and the Futures Market</h2> 
This week’s expiry event is slightly lower than last week’s, but a significant event worth nearly $10 billion will occur at the end of the month. The nominal value of Bitcoin derivatives expiring today is $1.8 billion. Additionally, the put/call ratio for these Bitcoin options is 0.57, meaning nearly twice as many long contracts have been sold compared to short contracts. 
According to Deribit, there is nearly $1 billion worth of open interest or unsettled contracts at the $65,000 strike price. Other high OI strike prices for calls include $60,000, $70,000, and $75,000. 
The crypto derivatives data provider Greeks Live stated that the market is emboldened by the lack of surprising interest rate adjustments from the Fed and that Bitcoin has recovered all its losses from previous sessions, sharing the following comments: 
<blockquote> 
 “While high realized volatility maintains its upward level, option data shows a more balanced long and short power, indicating the market’s bullish foundation remains intact.” 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-331789" src="https://coin-turk.com/wp-content/uploads/2024/03/greeks-tweet.png" alt="" width="500" height="483"> 
<h2 class="p1" style="text-align: justify" id="what-s-happening-in-the-crypto-market">What’s Happening in the Crypto Market?</h2> 
In addition to a large amount of Bitcoin options, about 253,000 <a href="https://coin-turk.com/raoul-palin-dikkat-ceken-fiyat-tahmini-bitcoin-ve-ethereum-bu-seviyeleri-gorebilir" data-wpel-link="internal">Ethereum</a> contracts are also set to expire today. These contracts have a nominal value of $885 million, and the put/call ratio is 0.51. The largest open interest is worth approximately $659 million at the $4,000 strike price for Ethereum, but there is also $564 million OI at $3,000. 
As the correction in the crypto market continues, the total market value has fallen by 2.5%, dropping to $2.6 trillion. According to CoinGecko, approximately $236 billion has exited the crypto markets since the total capital reached its peak on March 13. At the time of writing, Bitcoin has fallen nearly 0.31%, trading at $65,352, while Ethereum has dropped 1.05%, falling to $3,455. Apart from marginal gains by <a href="https://en.coin-turk.com/binances-struggle-amid-regulatory-issues-analyst-claims-bitcoins-rise-depends-on-binances-shutdown/" data-wpel-link="internal">Binance</a> Coin (<a href="https://en.coin-turk.com/binance-coin-bnb-maintains-stability-amidst-market-fluctuations/" data-wpel-link="internal">BNB</a>) and XRP, all other <a href="https://coin-turk.com/chiliz-kritik-ortakligi-duyurdu-chz-fiyatinda-son-durum" data-wpel-link="internal">altcoin</a> projects were in the red. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-options-expiry-and-market-volatility/" data-wpel-link="internal">Bitcoin Options Expiry and Market Volatility</a></h5>

Bitcoin Options Expiry and Market Volatility

Table of Contents

COINTURK NEWS

Other articles published on Mar 22, 2024

Expert Crypto Analyst Predicts Bitcoin Rally and Altcoin Gains

NuggetRush presale raises $3 million amid price stabilization for Cardano and Avalanche

ApeCoin Teams Up with Top Formula 1 Squad

Circle Announces Support for Its Stablecoin on Polygon Testnet

Ripple CTO Issues Key Warning to Crypto Community, What It Pertains To

Top Crypto Expert Makes Bold ETH ETF Prediction; Claiming Algotech Supremacy in 2024

Join our free newsletter for daily crypto updates!