Will Crypto markets when Bitcoin $ 4.7 billion options are expired today?

The validity of about 58,000 Bitcoin options will end on Friday, February 28, and has a virtual value of approximately $ 4.7 billion.

The end of this week has happened more than usual because it is the end of the month. However, the effect on the immediate markets is likely to be minimal because they are already reeling from the trade war of US President Trump.

Bitcoin options are valid

The large bitcoin options contracts for this week are 0.71, which means that there are (long) call contracts that end with the validity of (short pants).

Moreover, the open interest (OI), or the value or number of BTC options contracts remains so far, its validity continues, as the highest strike price of $ 120,000, which is $ 1.5 billion, remains, According to To get rid of.

There are also about $ 1 billion in OI at a strike rate of $ 100,000 and $ 110,000. Also, the landmarks are leaking that $ 800,000 in OI is currently located at the price of the strike of $ 80,000, the place where the original is now.

The Crypto Live derivatives said that the team was “mostly drop”, as traders watched $ 82,000 as “a decisive support level that must maintain the direction of the high time frame.” However, this line has been broken to the negative side until the time of the press.

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Technical analysis suggests whether the price decreases to less than the average price of the average price of size (VWAP), “The direction of the higher timeline will be cooked and may lead to between 77,000 to 72,000 dollars.”

Also, about 526,000 ETHEREUM contract ends today, with a default value of $ 1.14 billion and PUT/Call 0.52. This brings the Crypto Crypto value on Friday to about $ 5.8 billion.

Crown Market tank

The market defeat for this week continued until Friday, with the total number of capitalism by another 6 % a day to 2.76 trillion dollars. It has now decreased through long -term support and can return to October levels.

Bitcoin threw 5 % in a decrease to 80,200 dollars during the Asian trading on Friday morning. The original has now lost 18 % a week, and its correction may deepen to 25 % of its highest levels ever. The last time BTC was less than $ 80,000 was on November 10.

Meanwhile, Ethereum threw 8 % to its lowest level for more than a year, as it reached 2150 dollars on Friday morning, when its weekly losses amounted to 22 %.

Altcoins was a sea of ​​red with them all bleeding in similar quantities at the time of writing this report.