Crypto
Bitcoin Options Worth $6.32B Expire Friday with $69K Max Pain in Sight
Bitcoin options worth $6.32 billion are set to expire on Deribit on August 28, marking one of the largest derivatives events for the cryptocurrency.
The expiry has a put/call ratio of 0.49, with calls representing $3.19 billion in notional value and puts accounting for $3.12 billion.
According to Martin Lee, Market Insights Lead at DWF Labs, approximately $6.4 billion of Bitcoin options settle on Deribit on Friday, with max pain near $69,000 and the spot price about 13% above it.