22,000 Bitcoin Options Set to Expire Amid Subdued Market Activity
- 22,000 Bitcoin options contracts are expiring with a notional value of $1.83 billion.
- The Put/Call ratio for these options is 0.84, with a max pain point at $85,000.
- BTC price remains between $82,000-$84,000 amid low market activity and reduced volatility.
- Bitcoin ETF inflows have resumed, with BlackRock’s IBIT leading with a $172 million net inflow.
- Daily BTC trading volume decreased by 31% to $25 billion ahead of the options expiry.
The expiration of 22,000 Bitcoin options today reflects a subdued market environment as BTC prices hover between $82,000 and $84,000. Meanwhile, Bitcoin ETF inflows have shown positive momentum with significant contributions from BlackRock’s IBIT.
Source (2.6)https://coingape.com/22000-bitcoin-options-expiry-whats-next-for-btc-price-as-bitcoin-etf-inflows-resume/?rand=24432
