bullish

2024

Bitcoin

Billion

<p>Bitcoin is not yet at $65,000 per piece, despite hopes. Since the FED announcement, the flagship crypto has stagnated between $63,000 and $64,000. However, the imminent expiration of options, which represents no less than $8.1 billion, could change the game. Between bullish sentiment and increased volatility, investors are preparing for an eventful weekend. The ratio between call and put options could well dictate the fate of bitcoin in the short term.</p>
<h2 id="h-bitcoin-and-its-options-who-will-have-the-last-word">Bitcoin and its options: who will have the last word?</h2>
<p>Bitcoin options, closely <a href="https://www.cointribune.com/en/options-bitcoin-u-s-elections-drive-up-bids/" target="_blank" rel="noopener noreferrer nofollow">linked to the US elections</a>, worth a <strong>colossal value of <a href="https://ambcrypto.com/8-1-billion-bitcoin-options-set-to-expire-as-bulls-and-bears-prepare-showdown/" target="_blank" rel="noopener noreferrer nofollow">$8.1 billion</a></strong>, are set to expire this Friday. Such an expiration often makes the market shiver. Indeed, the <strong>balance between calls (call options) and puts (put options)</strong> is a key indicator of the direction this crypto will take.</p>
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<p>Currently, <strong>the put/call ratio hovers around 1.12</strong>, a figure that tends towards selling pressure. However, nothing is set in stone.</p>
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<ul>
 <li>$8.1 billion in options at stake;</li>
 <li>Put/call ratio of 1.12;</li>
 <li>Increased volatility expected.</li>
</ul>
<p>The last option expiration of this amount, in March 2021, saw a <strong>similar scenario</strong>: <strong>a pause followed by a bullish recovery</strong>. Optimists are betting that history could repeat itself, but beware of the bears who haven’t had their last word.</p>
<p>“<em>Volatility is to be expected, as investors prepare their moves</em>,” says an expert.</p>
<h2 id="h-the-flagship-crypto-in-the-eye-of-the-storm">The flagship crypto in the eye of the storm</h2>
<p>Bitcoin is not alone in this battle. The increase in reserves on crypto exchanges suggests that <strong>traders anticipate a forthcoming liquidation</strong>. For three weeks, exchange reserves and open interest have been increasing, signals that indicate <strong>an intensification of activity</strong>. These market indicators are often harbingers of major turmoil for the flagship crypto.</p>
<figure class="wp-block-image size-large"><img decoding="async" src="https://ambcrypto.com/wp-content/uploads/2024/09/Bitcoin-open-interest-and-exchange-reserves.png" alt="Open interest for bitcoin">
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  Open interest for bitcoin at the end of September 2024 – Source: CryptoQuant
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<p><strong>The crypto market could thus experience significant volatility</strong>. Investors are keeping an eye on trend developments. The <strong>trading volumes</strong> also show that many are ready to react quickly to any sign of a downward correction.</p>
<p>In short, whether for a massive liquidation or a bullish boost, anything is still possible this week for bitcoin (BTC) and the crypto market as a whole.</p> 
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
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 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">BTCUSD chart</span></a> by TradingView
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<p>It should also be noted that the expiration of options could weigh heavily on the market this week, with a <a href="https://www.cointribune.com/en/bitcoin-under-pressure-the-effect-of-options-expiration/" target="_blank" rel="noopener noreferrer nofollow">bitcoin under pressure</a>, oscillating between euphoria and fear.</p>

Volatility In Sight For Bitcoin? 8 Billion Options Ready To Shake The Market

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