Posted 2/23/2024, 10:33:21 AM
Nearly $4 Billion in Bitcoin Options Expiring Today As Traders Eye Next Halving Event
- $3.6 billion in Bitcoin options contracts expiring today across major derivatives exchanges like Deribit and CME
- Options allow traders to speculate on or hedge against BTC price volatility
- Max pain price is $48K - if BTC stays above this, could see selling pressure
- March 29 expiration much larger at $95M on Deribit and $18B on CME
- Past Bitcoin halvings reduced miner rewards and kicked off price rallies, next one approaches