As crypto markets remain relatively stagnant, attention is turning to the impact of a significant Bitcoin (BTC) options expiry event set to occur on October 6. Approximately 14,000 Bitcoin options contracts, with a total notional value of around $400 million, are set to expire that day, though this event is notably smaller than last week's expiry. The "max pain" point for these options contracts is $27,000, which is approximately $700 below Bitcoin's current spot price....
$400 Million Bitcoin Options Expiry: Will It Impact the Recent Rally?
Crypto News - 6 Oct 2023 20:00
As crypto markets remain relatively stagnant, attention is turning to the impact of a significant Bitcoin (BTC) options expiry event set to occur on October 6. Approximately 14,000 Bitcoin options contracts, with a total notional value of around $400 million, are set to expire that day, though this event is notably smaller than last week's expiry. The "max pain" point for these options contracts is $27,000, which is approximately $700 below Bitcoin's current spot price....
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