The validity of about 26,000 Bitcoin options will end on Friday, February 7, and it has a virtual value of approximately $ 2.5 billion.
The end of this week is about a third of the size of the mammoth that ends last week. Therefore, there is likely to have little impact on the immediate markets, which have declined this week.
Bitcoin options are valid
Bitcoin options for this week feature a PUT/Call 0.58, which means that there are many (long) call contracts that expire (short pants). The pain point Max, or the price in which most losses will be made, is 99,500 dollars.
Moreover, the open benefits (OI), or the value or number of BTC options contracts so far until their validity ends, is the highest strike price of $ 120,000, which is $ 1.7 billion, According to To get rid of.
There are also about $ 1.3 billion in OI at the price of the strike of $ 110,000, as derivative traders continue to speculate that prices will rise from the current levels in the long run.
Earlier this week, a coding derivative provider lives He said“The market has been divided now, as BTC is strongly supported by financing from inside and outside the encryption.”
He added that Altcoins, represented by ETH, “loses money violently, the vast majority of encrypted currency prices have shrunk significantly, and the Altcoin season that the market expected did not reach.”
“But we can see BTC and ETH data options have maintained a positive value. The giant whale has also bought a large number of call options to decline, indicating that the market is still optimistic about the future as a whole.”
SKEW refers to the difference in implicit fluctuations (IV) between options, options, or through different strike prices and joining.
7 February Options Data
26,000 BTC options have expired with a summary of 0.58, and the Maxpain point is $ 99,500 and a virtual value of $ 2.54 billion.
203,000 ETH options have expired with 0.46 slow calls, $ 2950 and $ 560 million virtual value.
It was the feeling of the market … pic.twitter.com/ubn9mtdrj6– Greeks.live (Greekslive) February 7, 2025
In addition to today’s segment of Bitcoin options, about 203,000 ETHEREUM contracts also end with a virtual value of $ 560 million, a 0.46 call/call rate, and a maximum of $ 2950.
This brings the Crypto Crypto value on Friday to about 3 billion dollars.
The encryption market is still declining
The total market value decreased slightly less than 2 % a day to $ 3.3 trillion. However, it remains on the lower lines of a tied -range channel that was formed in mid -November.
Bitcoin fell to less than 96,000 dollars at the lowest level during the day in the late trading on Thursday, but it managed to recover in a marginal way to reach 97,400 dollars during the Asian trading session on Friday morning. The assets decreased during the past week, after losing 7 % since the same time last week.
There is no love for Ethereum, which decreased by 3 % to less than $ 2700 early on Friday and it appears to be struggling to restore it.
Altcoins was a sea of red, with Tron (TRX) just floundering the trend with an increase of 4.5 % a day.
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