🚨 90,000 options contracts #btc worth $5 .8 billion, as well as options on #eth worth $1 .9 billion, will expire this Friday.
This quarterly expiration is scheduled for 08:00 UTC.
👉 Bitcoin's peak pain level of $59 ,000 could put pressure on prices, according to an analyst at Presto Research.
👉 Maximum pain represents the price where option buyers suffer the greatest losses at expiration. In traditional markets, this level often acts as a point of attraction as expiration approaches.
This is because option sellers, usually institutions with large amounts of capital, adjust their trades to influence the spot price around the point of maximum pain in order to inflict maximum losses on buyers.
👉 Rick Maeda, an analyst at Presto Research, points out that this expiration could lead to bearish pressure as the expiration approaches.
This quarterly expiration is scheduled for 08:00 UTC.
👉 Bitcoin's peak pain level of $59 ,000 could put pressure on prices, according to an analyst at Presto Research.
👉 Maximum pain represents the price where option buyers suffer the greatest losses at expiration. In traditional markets, this level often acts as a point of attraction as expiration approaches.
This is because option sellers, usually institutions with large amounts of capital, adjust their trades to influence the spot price around the point of maximum pain in order to inflict maximum losses on buyers.
👉 Rick Maeda, an analyst at Presto Research, points out that this expiration could lead to bearish pressure as the expiration approaches.
3 months ago
