Will crypto markets react to $3B in Bitcoin options?
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About 35,000 Bitcoin options contracts will expire on Friday, March 14, with a notional value of about $2.9 billion. This week's activity is higher than last week, but the tough quarter-end $11 billion options contracts will expire on March 28. The value or volume of BTC options contracts that have not yet expired remains high, with nearly $1.6 billion sold at a $120,000 strike price ($1.4 billion) and nearly $1.6 billion sold at a $100,000 strike price ($1.3 billion) at $120,000. However, bears are getting bolder, betting nearly $850 million that Bitcoin will drop to $70,0000.
In addition to Bitcoin options, there are about 220,000 Ethereum contracts expiring today, with a notional value of $416 million and a call/call ratio of 0.68. This brings the total number of cryptocurrency options on Friday to around $3.3 billion.
Crypto market outlook analysis
The cryptocurrency market returned to the red this Friday, with the total capitalization falling by 3.7% to $2.76 trillion. Bitcoin made a slight recovery in the Asian session on Friday morning. However, the asset remains weak, and the analysis predicts a deeper correction down to around $71,000.
About 35,000 Bitcoin options contracts expire on Friday, March 14, with a notional value of about $2.9 billion. This week’s activity is higher than last week, but the tough quarter-ending $11 billion options contracts expire on March 28. The value or volume of BTC options contracts that have not yet expired remains high, with nearly $1.6 billion at a $120,000 strike price ($1.4 billion) and nearly $1.6 billion at a $100,000 strike price ($1.3 billion) at $120,000. However, bears are getting bolder, betting nearly $850 million that Bitcoin will drop to $70,0000.
In addition to Bitcoin options, there are about 220,000 Ethereum contracts expiring today, with a notional value of $416 million and a call/call ratio of 0.68. This brings the total number of cryptocurrency options on Friday to around $3.3 billion.
Crypto market outlook analysis
The cryptocurrency market returned to the red this Friday, with the total capitalization falling by 3.7% to $2.76 trillion. Bitcoin made a slight recovery in the Asian session on Friday morning. However, the asset remains weak, and the analysis predicts a deeper correction down to around $71,000.
BTCUSDT BTCUSDT.P BTCUSD BTCUSD BTCUSD
About 35,000 Bitcoin options contracts will expire on Friday, March 14, with a notional value of about $2.9 billion. This week's activity is higher than last week, but the tough quarter-end $11 billion options contracts will expire on March 28. The value or volume of BTC options contracts that have not yet expired remains high, with nearly $1.6 billion sold at a $120,000 strike price ($1.4 billion) and nearly $1.6 billion sold at a $100,000 strike price ($1.3 billion) at $120,000. However, bears are getting bolder, betting nearly $850 million that Bitcoin will drop to $70,0000.
In addition to Bitcoin options, there are about 220,000 Ethereum contracts expiring today, with a notional value of $416 million and a call/call ratio of 0.68. This brings the total number of cryptocurrency options on Friday to around $3.3 billion.
Crypto market outlook analysis
The cryptocurrency market returned to the red this Friday, with the total capitalization falling by 3.7% to $2.76 trillion. Bitcoin made a slight recovery in the Asian session on Friday morning. However, the asset remains weak, and the analysis predicts a deeper correction down to around $71,000.
About 35,000 Bitcoin options contracts expire on Friday, March 14, with a notional value of about $2.9 billion. This week’s activity is higher than last week, but the tough quarter-ending $11 billion options contracts expire on March 28. The value or volume of BTC options contracts that have not yet expired remains high, with nearly $1.6 billion at a $120,000 strike price ($1.4 billion) and nearly $1.6 billion at a $100,000 strike price ($1.3 billion) at $120,000. However, bears are getting bolder, betting nearly $850 million that Bitcoin will drop to $70,0000.
In addition to Bitcoin options, there are about 220,000 Ethereum contracts expiring today, with a notional value of $416 million and a call/call ratio of 0.68. This brings the total number of cryptocurrency options on Friday to around $3.3 billion.
Crypto market outlook analysis
The cryptocurrency market returned to the red this Friday, with the total capitalization falling by 3.7% to $2.76 trillion. Bitcoin made a slight recovery in the Asian session on Friday morning. However, the asset remains weak, and the analysis predicts a deeper correction down to around $71,000.
BTCUSDT BTCUSDT.P BTCUSD BTCUSD BTCUSD 
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✔Copy accurate trading signals✔Manage accounts🎁Stable profit of more than 188.6% per week🎁Success rate is as high as 96.85%. If you want to recover a large loss, leave me a message t.me/BeckLedley Trading entrance: t.me/FcCygjylf
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.