Will $13B Options Expiry Move Bitcoin Today?
Explore the provided link to ensure a steady profit in Binance futures trading – https://binancefuturessignal.com/ The end of the week and the end of the month have arrived, which means a big Bitcoin options expiry event as spot markets struggle to maintain momentum. Around 147,000 Bitcoin options contracts will expire on Friday, Nov. 28, and they have a notional value of roughly $13.4 billion. This expiry event is larger than usual because it is the end of the month, so there may be some impact on spot markets, which have been mostly struggling to recover from this month’s meltdown. US government economic data has started to flow again this week, with PPI inflation data coming in higher than expected, which is bearish for crypto markets. Bitcoin Options Expiry This week’s batch of Bitcoin options contracts has a put/call ratio of 0.58, meaning that there are significantly more long contracts expiring than shorts. Max pain is around $100,000, according to Coinglass. Open int...