About 30,000 Bitcoin options will expire on Friday September 19, and they have a notional value of around $ 3.5 billion.
This expiration event is fairly close to that of last week, so it is unlikely that there is an impact on the punctual markets, which increased this week.
The reduction in the first rate of the American federal reserve of the year was widely evaluated by the markets, which gained a minor drop this Friday morning.
Bitcoin Options Expirey
This week’s batch of Bitcoin Options contracts has a put / call ratio of 1.2, which means that there are more short -term expired contracts than long, as it increases.
Open interests (OI), or the value or number of BTC options that have not yet expired, is the highest at $ 140,000, which has reached $ 2.7 billion at this drip exercise price. There are also around $ 2.2 billion in $ 120,000, but $ 95,000 is a popular exercise price for exposed sellers with $ 2 billion in OI.
In addition, the total Bitcoin Futures Oi is currently 86 billion dollars, which has returned to heights of all time, according to Corglass.
“Recent real volatility has also been substantial, showing a marked increase compared to last month, but the actual volume of negotiation has rather decreased; the levels of volatility and the volume of trading have diverged,” said the supplier of cryptographic derivatives Greeks live earlier this week.
In addition to today’s batch of Bitcoin options, there are around 177,500 Ethereum contracts which also expire, with a notional value of $ 815 million, and a put / call ratio of 1. This brings to the expiration of the cryptographic options combined from Friday to about $ 4.3 billion.
Crypto market prospects
The total market capitalization of cryptography has been slightly withdrawn in the past hours, but remains close to peak levels at 4.2 billions of dollars. The rear zoom shows that the overall digital asset markets have been negotiated on the side since mid-July.
Bitcoin increased around $ 118,000 in late exchange Thursday, dropped to $ 116,750 before recovering to recover $ 117,000 during Friday morning negotiations in Asia. The asset is about 5.6% of its top of all time and maintains its gains without major collapse of September.
Ethereum has maintained the level of $ 4,600 in the last 24 hours and remains at 7% of its top of all time.
Altcoins have experienced a solid week with hyperlink (media threshing) and Binance (BNB) play reaching heights of all time. ChainLink, Avalanche et Suit are the best performers today while the rest of the high capitalization alts remains flat.
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