CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
cryptonews 2023-10-06 18:00:00

$400 Million Bitcoin Options Expiry: Will It Impact the Recent Rally?

As crypto markets remain relatively stagnant, attention is turning to the impact of a significant Bitcoin (BTC) options expiry event set to occur on October 6. Approximately 14,000 Bitcoin options contracts, with a total notional value of around $400 million, are set to expire that day, though this event is notably smaller than last week's expiry. The "max pain" point for these options contracts is $27,000, which is approximately $700 below Bitcoin's current spot price.... Read More: $400 Million Bitcoin Options Expiry: Will It Impact the Recent Rally?

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.