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Record-breaking BTC options set to expire with over $4B notional value
Roughly 141,000 BTC options — worth $4 billion — are set to expire with a put/call ratio of 0.75 and a $24,000 max pain point.
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
- Just over $4 billion notional worth of Bitcoin options are set to expire tomorrow (March 31).
- This would be an all-time high for options open interest.
- Max pain is sitting around $24,000.
- The breakdown of the open interest is 81,100 BTC in terms of call options and 60,4450 BTC in terms of put options.
- This gives the market a put/call ratio of 0.75.
- CryptoSlate has previously discussed that the liquidity situation is at a ten-month low in Bitcoin — which can quickly drive the price up or down.
- While options open interest is now significantly higher than futures open interest for the first time, according to Glassnode data.
Market Cap $1.57T
24H Volume $26.2B
