Bitcoin options data points to an interesting outcome after this week’s $1.9B expiry

The upcoming $1.9 billion Bitcoin options expiry on August 25 will determine if the $26,000 support level holds, while regulatory challenges and a potential loss of $380 million add to the bearish sentiment in the cryptocurrency market.

cointelegraph.com

Relevant topic timeline:

8/24/2023

Bitcoin, Ether Trade Below 'Maximum Pain' Levels Ahead of $2.7B Options Settlement

The upcoming settlement of BTC and ETH options contracts could potentially push the prices of the cryptocurrencies closer to the max pain levels of $28,000 and $1,800, respectively, as sellers of call and put options try to make their counterparts suffer the most, according to Deribit, the world's leading crypto options exchange.

8/25/2023

$1.9 Billion Worth of Bitcoin Options to Expire Today

Deribit, the leading crypto options exchange, will settle $1.9 billion worth of Bitcoin options contracts and $893 million worth of Ether options contracts that are set to expire today.

9/1/2023

Bitcoin risks ‘swift’ $23K dive after BTC price loses 11% in August

Bitcoin (BTC) is expected to retest long-term support at around $23,000, as on-chain data suggests that current levels may not hold the market up for long.

9/11/2023

Bitcoin Drops Below $25k; Traders Split on Outlook as Key Data Looms

Bitcoin is on the brink of a bearish breakdown, but there is a possibility that the $25,000 support level could hold, presenting a short-term buying opportunity for investors. The price action of the US dollar and on-chain data suggest that buyers could return soon, making the current situation potentially profitable for opening Bitcoin longs.

9/14/2023

Zero-Day Options Trading Skyrockets as Retail and Institutions Flock to High-Risk, High-Reward Bets

Zero-day to expiry options, or "0DTEs," have become popular among retail and institutional traders, with activity in the market hitting record highs, accounting for a significant portion of average daily trading volume in options tied to the S&P 500; however, there are concerns about the potential risks and impact on stock-market stability that these options pose.

9/15/2023

Record $3.4 Trillion in Stock Options Expiring Friday Could Mean Volatility for Stocks and Bitcoin

Stock options worth $3.4 trillion are set to expire on Friday, potentially leading to increased volatility and price declines in both the S&P 500 and Bitcoin, with September historically being a negative month for these assets. There is also a possibility of a surprise interest rate hike by the Federal Reserve, which could impact risk assets.

9/20/2023

Bitcoin Could Dip to $24,900 and Still Be Bullish, Analyst Says

Crypto strategist Credible Crypto suggests that Bitcoin could dip to around $24,900 but still remain on track for a bull market cycle, and he is closely monitoring Bitcoin options open interest as an indicator for the market bottom.

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Posted 8/24/2023, 8:39:11 PM