$4.73B in Bitcoin Options Expire Today

$4.73B in Bitcoin Options Expire Today

According to data from crypto options exchange Deribit, approximately $4.73 billion worth of Bitcoin options are set to expire today, May 31, at 5:47 pm UTC. This is a significant amount of options volume, and it is likely to have a noticeable impact on the price of Bitcoin in the coming hours. The put/call ratio for Bitcoin options currently stands at 0.61, which means that there are more put options (bets that the price of Bitcoin will fall) than call options (bets that the price of Bitcoin will rise). This suggests that there is more bearish sentiment in the market than bullish sentiment. The max pain price for Bitcoin options is currently $66,000. This means that if the price of Bitcoin is below $66,000 at the time of expiration, then the majority of options traders will lose money. Conversely, if the price of Bitcoin is above $66,000 at the time of expiration, then the majority of options traders will profit. It is important to note that the expiration of these options does not necessarily mean that the price of Bitcoin will move in a certain direction. However, it does indicate that there is a large amount of uncertainty in the market, and that the price of Bitcoin could move significantly in either direction in the coming hours.