Bitcoin Options and Volatility in the Crypto Market

On March 22, Bitcoin options expiration day is approaching, and this could increase volatility in the markets. On March 20, the value of Bitcoin had dropped to $61,500 and showed signs of recovery. The approximate expiration of 25,300 Bitcoin contracts on this date has the potential to further increase market fluctuations. Bitcoin and Futures Market Although the expiration day on March 22 is lower than the previous week, larger events are expected at the end of the month. The expiration event today will affect $1.8 billion worth of Bitcoin derivatives. In addition, the put/call ratio is at 0.57, indicating that there are more short positions in the market than long positions. On the Deribit platform, there is a large open position with a $65,000 strike price. Crypto derivatives data provider Greeks Live reported that market dynamics are not affected by adjustments to the Fed’s interest rates and that Bitcoin has […]

Bitcoin Options and Volatility in the Crypto Market

On March 22, Bitcoin options expiration day is approaching, and this could increase volatility in the markets. On March 20, the value of Bitcoin had dropped to $61,500 and showed signs of recovery. The approximate expiration of 25,300 Bitcoin contracts on this date has the potential to further increase market fluctuations.

Bitcoin and Futures Market

Although the expiration day on March 22 is lower than the previous week, larger events are expected at the end of the month. The expiration event today will affect $1.8 billion worth of Bitcoin derivatives. In addition, the put/call ratio is at 0.57, indicating that there are more short positions in the market than long positions. On the Deribit platform, there is a large open position with a $65,000 strike price.

Crypto derivatives data provider Greeks Live reported that market dynamics are not affected by adjustments to the Fed’s interest rates and that Bitcoin has recovered its losses. Option data shows that long and short positions are balanced, and the market has strong fundamentals.

What’s Happening in the Crypto Market?

In addition to Bitcoin options, the expiration of 253,000 Ethereum contracts is also happening today. The nominal value of these contracts is $885 million, with a put/call ratio at 0.51. The highest open positions in Ethereum are concentrated at strike prices of $4,000 and $3,000.

The crypto market value fell by 2.5% to $2.6 trillion. While Bitcoin and Ethereum saw slight declines in value, some altcoins like Binance Coin and XRP made marginal gains. However, there is a general downward trend in the market.

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