Bitcoin (BTC) price is on the rise ahead of today’s billion-dollar option filling.
According to the information shared by Deribit, one of the largest derivative exchanges in the cryptocurrency industry, today at 11.00 GMT, the total Worth $1.04 billion The cryptocurrency option will expire.
Total value of Bitcoin options expiring $578 million; Ethereum options $471 million happened.
The max pain point of Bitcoin options was at $43,000. This number is for Ethereum $2,350 It was announced as.
Large players can push the value of the underlying asset to its maximum level before an option expires.
In this case, the maximum loss for option buyers is; Sellers can make maximum profit. Max pain theory is based on the ability of large investors to make a manipulative move against small investors.
According to TradingView data, Bitcoin gained 1.57% on a daily basis and is trading just below $46,000 in the morning hours.