A total of $3 billion worth of Bitcoin (BTC) and Ethereum (ETH) options will expire on March 8.
Cryptocurrency options markets analysis platform Greeks Live marks March 8 for Bitcoin and Ethereum did. In the data presented, today 29,000 Bitcoins of the option 0.86 Put Call Ratio, Maximum pain level of $60,000 (max pain) and Notional value of $2 billion It was stated that it was about to end with.
Additionally again March 8 day 270,000 ETH of the option 0.55 Put Call Ratio, 2,950 maximum pain level And $1.05 billion It will mature with notional value.
With more hours left for a futures expiry, investors on Deribit, the world’s largest cryptocurrency options exchange, in Bitcoin March end at a price of $70,000 for He started buying options.
Bitfinex Derivatives President made a statement to The Block about the issue. Jag Koonerdrew attention to the volume increase specific to 70,000 dollars:
Since Bitcoin hit its all-time high, the highest instruments traded by volume are monthly and mid-month expiration call options with a strike price of $70,000.