Deribit Asia Pacific Business Lead Alerts: Large Options Expiry Approaching on Friday
Publication Time:2024-07-22 17:44:12
Ms. Lin, the Asia Pacific Business Lead of Deribit, noted in social media that on July 26th at 4 PM, there will be a large settlement for the monthly options of Bitcoin (BTC). The total outstanding positions amount to 4.05 billion. The ratio of put to call is 0.63, with the most likely price point being $63,000. Although Ms. Lin stresses that one should not overreact, the market often moves driven by emotions during strong trends. It's worth noting that markets usually face price resistance at the end of the month. Investors should keep a close eye on this development.
Deribit
market sentiment
BTC options
Expiry