Around 58,000 Bitcoin options contracts worth approximately $4.7 billion will expire on Friday. This expiration is significant as it marks the end of the month. The put/call ratio of 0.71 indicates more buying contracts than selling. The largest volume of open contracts, valued at $1.5 billion, is at a price of $120,000. Additionally, about $1 billion worth of open contracts are in the range of $100,000 to $110,000, with only $800,000 worth of open contracts in the current price range of $80,000 for Bitcoin. Given the current situation, analysts are concerned about the continuation of the market’s downward trend, with some believing that the expiration of this volume of options contracts in the current state may further impact price declines in the spot trading market.
