Fast Take
Deribit data signifies that just about $9 billion price of Bitcoin (BTC) choices are resulting from expire on March 29, the final Friday of the month, with the entire open curiosity amounting to 133,914 BTC. The put/name ratio is reported at 0.80, signifying extra calls in circulation in comparison with places, and displays bullish market sentiment — for each 100 calls, there are 80 places. Name open curiosity stands at 74,213 BTC, outstripping put open curiosity, which totals 59,701 BTC.
Deribit’s figures spotlight the relevance of the put/name ratio with Bitcoin’s worth at roughly $67,000, considerably surpassing the ‘max ache’ level of $50,000, indicating {that a} appreciable variety of name choices are presently within the cash.
The disparity between the elevated present worth of BTC and its strike costs could counsel a previous underestimation of its volatility. There’s additionally a marked focus of open curiosity in calls on the higher strike costs, beginning at $75,000, which may have implications for future volatility perceptions and choices pricing.
The submit $9 billion in Bitcoin options set to expire on March 29 appeared first on CryptoSlate.
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