$2B Crypto Options Expiry Puts Resistance in Focus
Visit this link to make money with bitcoin and other cryptocurrencies. Receive daily altcoin signals with the best crypto trading startegy - https://telegram.me/freecryptosignalsdaily Friday has rolled around again, and that means more Bitcoin and Ether options are expiring as spot markets hold on to recent gains. Around 22,200 Bitcoin options contracts will expire on Friday, April 17, with a notional value of roughly $1.66 billion. This event is a little smaller than last week’s expiry, so it is unlikely to have any impact on spot markets. Crypto prices have been climbing slowly this week, with around $150 billion being added to total capitalization since Monday. Bitcoin Options Expiry This week’s batch of Bitcoin options contracts has a put/call ratio of 1, meaning that sellers of longs and shorts are evenly matched. Max pain is around $71,000, according to Coinglass, which is a little lower than current spot prices, so some could be out of the money on expiry. Open intere...