This Friday, $2.8 billion worth of Bitcoin and Ethereum options will expire and be settled. Of this, BTC options have a notional value of $2.48 billion, a maximum stop-loss of $76,000, and a put/call ratio of 0.52; ETH options have a notional value of $300 million, a maximum stop-loss of $2,200, and a put/call ratio of 1.55.
Affected by the aftermath of the Binance hack, net outflows of ETF funds, and better-than-expected US CPI data, BTC fell below the major support level of $76,000 on the eve of settlement, and once dropped to the $72,700 to $73,300 range. (Source: Greeks.live)
