Around 62,000 Bitcoin options contracts are due for expiry on Friday, August 30. They have a notional value of around $3.65 billion.is a large one due to it being the end of the month. However, spot markets are rarely rattled by these derivatives developments which serve more as an indication of market sentiment.This week’s big batch of Bitcoin options contracts has a put/call ratio of 0.59, which means there are almost twice as many long contracts expiring than shorts .
Additionally, there is around $793 million in OI at the $90,000 strike price and still $987 million at the $100,000 strike price.Crypto derivatives provider Greeks Live commented that the markets have fallen in line with Nvidia stock despite the firm beating Wall Street expectations in its
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Source: CoinDesk - 🏆 291. / 63 Read more »