$400 Million Bitcoin Options Expiry: Will It Impact the Recent Rally?
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...
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....
Read More: $400 Million Bitcoin Options Expiry: Will It Impact the Recent Rally?
Original source
Read on CryptonewsRelated market context
Coinbase Quantum Report Warns Millions Of Bitcoin Could Face Future Security Risks
TL;DR Coinbase’s Quantum Advisory Council published a report on post-quantum migration and abandoned coins. The report estimates t...
Bitcoin faces one of its biggest mining difficulty drops as miner margins collapse
The Bitcoin network is poised to execute one of the largest downward adjustments to its mining difficulty in its 17-year history t...
Are 24/7 CME Bitcoin futures a volatility cure — or a new leverage trap?
Wall Street got to trade Bitcoin around the clock just in time to watch the market fall apart. CME Group launched 24/7 trading for...
Sky Governance Proposal Seeks To Double USDC PSM Buffer To $800 Million
TL;DR BA Labs has proposed doubling key LITE-PSM-USDC-A parameters in the Sky stablecoin system from 400 million to 800 million. T...
IEM Cologne Major draws esports attention but crypto integration remains absent
The absence of crypto integration at IEM Cologne highlights the esports industry's cautious stance on blockchain, impacting future...
World Cup Group B standings remain tied after first round as crypto sponsors eye fan token momentum
The tied standings in World Cup Group B highlight the potential volatility and trading opportunities for fan tokens, impacting cry...