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Cryptocurrency markets brace for today’s Bitcoin and Ethereum options expiry – details
The crypto market’s economic calendar has a notable event, with significant amounts of Ethereum and Bitcoin options set to expire today (19 May 2023). Moreover, the volumes are striking, and will likely affect price actions within the cryptocurrency world. BTC and ETH options expiry Bitcoin has approximately 29,000 options awaiting expiry today. Currently, the leading crypto has a 0.81 Put Call Ratio, whereas the maximum pain point stands near the $27.5K mark. Converting the contracts in dollars results in a substantial figure. The BTC contracts up for expiry have their value at around a staggering $780M. ... (full story)