$10.9B Deribit Expiry Could Trigger Bitcoin Price Swings
Get Daily Altcoin Signals & Automated Trade Setups With Professional Trading Strategies – https://t.me/futuressignalsrobot A 0.53 put/call ratio points to heavier call positioning, but Bitcoin's largest call clusters sit well above its current market price. Some 135,000 BTC in options contracts, worth $10.9 billion, are set to expire on Deribit at 8 AM UTC today, October 30. With this expiry being quite large and coming right at the end of the month, it’s not beyond reason to think it could affect volatility in the spot market. Max Pain Sits Below Bitcoin’s Current Price Data shared by the unfolded account on X showed the put/call ratio at 0.53, meaning calls outnumber puts by nearly two to one. Meanwhile, max pain, the price at which the most option buyers would lose money and sellers come out ahead, is at $78,000, which is around the same level as the current spot price. Bitcoin went as far as $81,700 earlier in the week after the Federal Reserve de...