Will $3B Bitcoin Options Cause Even More Pain Today in Crypto Markets?

Description

Around 28,000 Bitcoin options contracts will expire on Friday, June 13, and they have a notional value of roughly $3 billion. This event is very similar to last week’s options expiry, so the impact on spot markets is likely to be minimal. They have already tanked by more than 7% over the past 24 hours. Bitcoin Options Expiry This week’s batch of Bitcoin options contracts has a put/call ratio of 0.95, meaning that the longs and short sellers are pretty evenly matched. There is also a max pain poi...