Today in the cryptocurrency market approximately Bitcoin options worth $900 million will expire.
According to the share of derivatives analyst Greeks.live, the buy-sell ratio is 1.1 today. 22 thousand Bitcoin options will expire. Max pain point, 44 thousand dollars at the level.
Large investors can push the price of the relevant underlying asset to the maximum pain level before the option expires.
In this case, the maximum loss for option buyers is; Those who sell can make maximum profit. Max pain theory is based on the power of large investors to make manipulative moves against small investors.
Spot Bitcoin ETFs, which started trading last week, are on the market. short term impact It is estimated that it is now over.
Greeks.live in your post, “The advent of Bitcoin Spot ETFs, combined with the sell-off from Grayscale and support from other ETFs, is expected to bring more and more capital into the crypto market over the long term, and the next flashpoint is halving it could be.” It was said.
