BlackRock large financial companies such as bitcoin ETF filing following SEC lawsuits against Binance and Coinbase cryptocurrency dispelled the negative mood in the industry and started the rally that took BTC to $31,000.
End BTC And altcoin While the rally excites the investors, it remains a matter of curiosity whether this rally will continue or not.
At this point, while BTC continues to hold above $30,000, investors will see a new round of events that expire this week. Bitcoin and Ethereum focused on options.
Digital asset data provider amberdata, He shared that on Friday, June 30, 2023, at 08:00 UTC (11:00 CEST), 150,633 Bitcoin options contracts worth 4.57 billion dollars and 1.23 million ETH contracts worth 2.3 billion dollars will expire on the Panama-based Deribit exchange.
Amberdata also added that expiring BTC options account for approximately 43% of total open interest in the options market.
“A rise for the cryptocurrency industry?
150,633 BTC options contracts worth $4.57 billion and $1.23 million ETH contracts worth $2.3 billion will expire on Deribit at 08:00 UTC on June 30. Bitcoin contracts expiring account for 43% of total open options.”
🎇 Fireworks incoming? 150,633 BTC options contracts worth $4.57 billion & $1.23 million ETH contracts valued at $2.3 billion will expire on @DeribitExchange. The bitcoin contracts due for settlement account for 43% of the total open interest.
Read more:https://t.co/zrjt2YaMux pic.twitter.com/iplPyeHlUh
— Amberdata (@Amberdataio) June 26, 2023
At this point, experts look at the ratio of Bitcoin options to the total number and say that these numbers can have a moving effect on the crypto market. BTC And altcoin indicated that there would be a large increase in prices.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!