Crypto News: $4.3B in Bitcoin, Ethereum, XRP Options to Expire Ahead of “Triple Witching”
The post Crypto News: $4.3B in Bitcoin, Ethereum, XRP Options to Expire Ahead of “Triple Witching” appeared on BitcoinEthereumNews.com. Key Insights: In the latest crypto news, $3.5 billion Bitcoin options are set to expire on Deribit on Friday. Ethereum options of notional value $0.85 billion are also set to expire. Over $100 million in XRP options triggers a fall in XRP price. In crypto news today, Bitcoin, Ethereum, XRP traders brace for $4.3 billion options expiry. The large expiry could cause a short-term volatility in the crypto prices. This will trigger the market cap to fall below $4 trillion again, after the recent post-FOMC rally. Crypto News: $3.5 Billion Bitcoin Options Expiry 29K BTC options with a notional value of $3.5 billion to expire on the largest derivatives crypto exchange Deribit on September 19. The put-call ratio was 1.35. This crypto news indicated traders were massively bearish, placing more put bets than calls after the latest crypto prices rebound. Moreover, the max pain price was $114,000, lower than the market price of $116,554 at the time of writing. This implied a high chance of a pullback in Bitcoin USD, with traders adjusting their positions amid intense volatility ahead of “triple witching” next Friday. However, the 24-hour call volume was higher than the 24-hour put volume. The put-call ratio was 0.77, indicating traders were buying more call options. Crypto News: Bitcoin USD Options Open Interest | Source: Deribit As per Greekslive, key options metrics indicate declining implied volatility (IV). The short-to-medium-term IV for Bitcoin USD has fallen below 30%. Put option block trades and their transaction share have risen steadily this month, reflecting risk hedging as the primary strategy. Bitcoin price was trading 0.70% lower at $116,432 at the time of writing. The 24-hour low and high were $116,420 and $117,911, respectively. Furthermore, the trading volume has decreased by 34% in the last 24 hours, indicating a lack of interest…
The post Crypto News: $4.3B in Bitcoin, Ethereum, XRP Options to Expire Ahead of “Triple Witching” appeared on BitcoinEthereumNews.com.
Key Insights: In the latest crypto news, $3.5 billion Bitcoin options are set to expire on Deribit on Friday. Ethereum options of notional value $0.85 billion are also set to expire. Over $100 million in XRP options triggers a fall in XRP price. In crypto news today, Bitcoin, Ethereum, XRP traders brace for $4.3 billion options expiry. The large expiry could cause a short-term volatility in the crypto prices. This will trigger the market cap to fall below $4 trillion again, after the recent post-FOMC rally. Crypto News: $3.5 Billion Bitcoin Options Expiry 29K BTC options with a notional value of $3.5 billion to expire on the largest derivatives crypto exchange Deribit on September 19. The put-call ratio was 1.35. This crypto news indicated traders were massively bearish, placing more put bets than calls after the latest crypto prices rebound. Moreover, the max pain price was $114,000, lower than the market price of $116,554 at the time of writing. This implied a high chance of a pullback in Bitcoin USD, with traders adjusting their positions amid intense volatility ahead of “triple witching” next Friday. However, the 24-hour call volume was higher than the 24-hour put volume. The put-call ratio was 0.77, indicating traders were buying more call options. Crypto News: Bitcoin USD Options Open Interest | Source: Deribit As per Greekslive, key options metrics indicate declining implied volatility (IV). The short-to-medium-term IV for Bitcoin USD has fallen below 30%. Put option block trades and their transaction share have risen steadily this month, reflecting risk hedging as the primary strategy. Bitcoin price was trading 0.70% lower at $116,432 at the time of writing. The 24-hour low and high were $116,420 and $117,911, respectively. Furthermore, the trading volume has decreased by 34% in the last 24 hours, indicating a lack of interest…
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