- Greeks Live data shows that Bitcoin options worth around $640 million will expire today.
- The platform said the maximum pain point for the Bitcoin options is $28,000, nearly $1,900 lower than current spot prices.
- Greeks Live stated that “a big market could be just around the corner after such a long bear market.”
Trading tool solution provider Greeks Live reported that Bitcoin options worth around $640 million would expire on Friday, October 20. Bitcoin, the world’s largest cryptocurrency, has seen a massive rebound lately, with the price teetering on the edge of $30k.
Oct 20 Options Data23,000 BTC options are about to expire with a Put Call Ratio of 0.82, a max pain point of $28,000 and a notional value of $640 million.
210,000 ETH options are about to expire with a Put Call Ratio of 0.84, a max pain point of $1,600 and a notional value of… pic.twitter.com/B82dJNmVAN
— Greeks.live (@GreeksLive) October 20, 2023
Greekslive said the put/call ratio on October 20 for Bitcoin options expiry is 0.82, with a notional value of $640 million. That means there are more sellers of long contracts than shorts. The options tracker continued that the maximum pain point …
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