Bitcoin

Record-breaking BTC options set to expire with over $4B notional value

03/30/2023
Bitcoin Ethereum News

Quick Take

  • Just over $4 billion notional worth of Bitcoin options are set to expire tomorrow (March 31).
  • This would be an all-time high for options open interest.
  • Max pain is sitting around $24,000.
  • The breakdown of the open interest is 81,100 BTC in terms of call options and 60,4450 BTC in terms of put options.
  • This gives the market a put/call ratio of 0.75.
  • CryptoSlate has previously discussed that the liquidity situation is at a ten-month low in Bitcoin — which can quickly drive the price up or down.
  • While options open interest is now significantly higher than futures open interest for the first time, according to Glassnode data.
Options vs Futures: (Source: Glassnode)
Options vs. Futures: (Source: Glassnode)
Open Interest: (Source: Deribit)
Open Interest: (Source: Deribit)

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Source: https://cryptoslate.com/insights/record-breaking-btc-options-set-to-expire-with-over-4b-notional-value/