Bitcoin Preparing for Billion Dollar Fill: This Level Could Be Important

Bitcoin (BTC), one of the most profitable investment instruments of recent days, is preparing for its billion-dollar maturity at noon today.

According to data from Deribit, the most preferred cryptocurrency exchange by option investors, today $1.1 billion in total worth of Bitcoin options will expire.

Number of open positions in call options 11 thousand 120 while for put options this 10 thousand 45 happened. The put/call ratio was determined as 0.9.

A put/call ratio of 0.7 or above may indicate that the bears in the market are starting to gain strength.

Among the options expiring today largest volume ones, strike price 50 thousand dollars There were options.

Max pain point is 46 thousand dollars It was announced that. Large investors adjust the price against small investors so that option buyers get maximum loss and sellers get maximum profit. max pain Might try to pull it to the point.

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