81,700 Bitcoin Options Expire Without A Major Market Shock

1h ago•

bullish:

bearish:

A panicked trader operates a massive railway switch. A huge Bitcoin barreling at full speed comes up behind him. A few meters further, the track abruptly splits: one branch ascends toward the sky, the other plunges into a dark tunnel. A mechanical counter above the switch displays only 6.4.

On August 28, 81,700 options on bitcoin expire on Deribit. These options have a notional value of $6.44 billion. Indeed, the max pain price was located in the range of $68,000 to $70,000, well below the current bitcoin price. However, this key expiry did not trigger an immediate move towards this level.

L’article 81,700 Bitcoin Options Expire Without A Major Market Shock est apparu en premier sur Cointribune.

1h ago•

Cointribune

bullish:

bearish: