Will the encryption market interact with Bitcoin $ 3B options today?

The validity of about 35,000 bitcoin options will be expired on Friday, March 14th, and has a virtual value of approximately $ 2.9 billion.

If this week happens slightly larger than last week, but the end of the end of the expiration of the expiration of the option of $ 11 billion on March 28.

The impact on topical markets is likely to be small because the markets digesting low inflation data are slightly expected from the United States this week.

Bitcoin options are valid

Bitcoin options for this week are 0.73, which means that there are (long) call contracts with a little more expired (short pants).

Moreover, the open benefits (OI), or the value or number of BTC options contracts so far their validity is still high at the price of the strike of $ 120,000, which is $ 1.4 billion,, According to To get rid of.

There are also approximately $ 1.6 billion in OI at the price of the strike of $ 100,000 and $ 1.3 billion at a price of $ 120,000. However, the bears have become bolder, betting on nearly $ 850 million that bitcoin will decrease to $ 70,00,000.

Greek derivatives provider lives He said The group was “mostly declining” on market expectations in the short term despite some positive consumer price index data.

“Traders watch the main potential support levels and a possible BTC bottom discussion, some indicate 60,000 dollars as a potential negative goal.”

He added that “doubts prevail” as the market faded by the good CPI printing quickly. Other industry experts and analysts have been confused about the reason for the presence of a lot of declining feelings amid very upward basics.

In addition to Bitcoin options, there are about 220,000 ETAREUM contract that ends today, with a virtual value of $ 416 million and a PUT/Call 0.68. This raises the value of Crypto Crypto Combination, which amounts to about $ 3.3 billion.

Crypting market forecasts

The encryption markets returned to red on Friday with a decline of 3.7 % in the capital, which decreased to $ 2.76 trillion.

Bitcoin fell to $ 80,000 before a simple recovery to reach $ 82,000 during a session on Friday morning. However, the original is still weak, and analysts expected a decrease to $ 70,000 in deeper correction.

Ethereum remains at the bear market levels, with prices failing at the top of $ 1900 after a decrease to $ 1830.

Altcoins is generally mixed with greater losses for Cardano (ADA), PI (PI), HEDERA (HBAR) and simple gains for XRP, Binance (BNB), TRX (TRX), and Stellar (XLM).