- The Crypto Market is preparing for the expiration of the large options of $ 10 billion.
- Derivative market traders have turned into a declining with Bitcoin’s drop to less than a brand of $ 100,000 this week.
Bitcoin (BTC) market is preparing for huge options, and an important event will occur on Friday, which means today. This week’s option expiration event is great due to the end of the month.
Nearly 80,000 BTC options will be valid, at $ 8.36 billion, making it a big problem. However, there is no cause for concern because the encryption derivative market does not affect the immediate market.
This week there are more call options compared to mode options, which means that there are many traders in BTC. Bitcoin options contracts have a summons mode 0.68.
According to Derbit reportAfter the price of Bitcoin decreased to less than $ 100,000 this week, traders in the short term turned into calm and bought more mode options. While long -term traders seemed options for optimistic purchase calls.
Besides Bitcoin, 600,000 ETHEREUM contract has also expired today, which is 0.43 call/call, at a value of $ 1.95 billion. When combining the Bitcoin and ETHEREUM option values, it reaches $ 10.3 billion.
Overview of the Proder Chevir Market
According to Coinmarketcap Data, the broader encryption market appears to be neutral, as the total market increase is 0.07 % at $ 3.56 million.
However, Bitcoin reflects a moderate landmark because it has decreased by approximately 1.01 % in the past 24 hours. At the time of writing this report, it is traded at a value of $ 104.236.96, with the maximum market for $ 37.53 billion. Moreover, the trading volume decreased 24 hours by 29.14 %.
Moreover, the M. sector is also present in the red area. The total market ceiling decreased by 1.07 % and is 92.02 billion dollars. However, the artificial intelligence sector has flourished with a rise of 2.35 % on the market ceiling, which is currently $ 45.07 billion.
The news of the encryption was highlighted today:
SEC Greenlights Bitcoin-TH ETF, expands investment options in the United States for encryption
Involve
