Bitcoin Options Expiry Reflects Bearish Market Sentiment
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A major event is on the horizon with 18,300 Bitcoin options worth $1 billion expiring on Deribit. The put/call ratio is 0.65, indicating a dominance of call options over puts. The max pain point has decreased from $63,500 to $61,500, highlighting selling pressure and bearish market sentiment.
Source: coinpedia.org ↗
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