BITPRISMIA
The Bitcoin price could experience significant downside volatility unless it manages to recover above $60,000 before the options expire on Aug. 16.
Bitcoin needs to hold above the $65,000 mark for more upside, while Ether price is weighed down by a sell-the-news event, according to analysts.
The total OI notional value for all outstanding BTC options contracts is $19 billion.
The upcoming 21,000 contract expiry is dwarfed by the significantly larger $4.3 billion options expiry on May 31, according to Deribit.