Bitcoin Options Expiry Highlights Call Dominance and Market Dynamics
- The $70,000 strike has the highest open contracts, with calls now deep in the money.
- 55% of the $9.4 billion in call options set to expire are currently in the money.
- Overall, about one-third of the total $15.9 billion options book is in the money.
- A price floor around $75,000 is suggested by open interest distribution across strike prices.
- Defensive put structures are anchored at $60k, $70k, and $75k, providing multi-layered support.
The upcoming expiry on Friday may lead to market turbulence as dealer-related hedging is cleared out, which could reset Bitcoin’s trading range.
As of now, significant call activity indicates strong bullish sentiment among traders with a notable concentration at higher strike prices like $85k and above. (Source)
