Bitcoin Options Expiry Today: $14.2 Billion at Stake
A significant Bitcoin options expiry is set to occur today, with over $14.2 billion in contracts on Deribit nearing expiration.
This includes daily, weekly, monthly, and quarterly contracts, which have seen a shift in market sentiment over the past week.
The number of call options has declined, while the put/call ratio has increased from 0.55 to 0.85.
This suggests that traders may be losing confidence in Bitcoin's price stability.