Bitcoin options contracts worth $2.26B near expiry: Potential upsurge expected
28.05.2023
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Around 86,000 Bitcoin options contracts will expire on May 26. They have a notional value of $2.26 billion and a max pain point of $27,000.
According to his research, a swift recapture would be required before Bitcoin can reach $38.8K if it fails to close this week above these levels.
The imbalance between the crypto Bull market and the bear market continues.
$2.26 billion worth of contracts for bitcoin options are set to expire. Derivatives traders eagerly await the conclusion of the 86,000 bitcoin options contracts that are set to expire on May 26 as the positive attitude in the market intensifies and the bears retreat.
Contents
1Derivatives traders remain bullish as Bitcoin options worth $2.26B approach expiry 2Bullish Bitcoin Options Ratios 3Bitcoin price outlook 4Trader predicts bitcoin to surpass $38K soon
According to the reports, several bitcoin option contracts are about to expire. In addition, the prognosis for derivatives traders is becoming more bullish. Some 86,000 bitcoin options contracts will come to an end on May 26. They have a maximum pain point of $27,000 and a hypothetical worth of $2.26 billion.
The strike price represents the maximum point of agony with the most active bitcoin options contracts. At this price, most contract holders would experience losses upon contract expiration.
Bullish Bitcoin Options Ratios
The put/call ratio (PCR) is 0.38 for this group of bitcoin options. The number of traded put (short) contracts divided by the number of traded call (long) contracts yields this ratio.
Values under one are typically considered bullish since more speculators buy call options than put options. This shows that investors have predicted future bullish trends. Far more call contracts are about to expire than put contracts.