$4 Billion, Analysis, Analytics, Binance, Bitcoin, Bitcoin (BTC), BTC Options, BTC Options OI held, calls, CME, data, deribit, derivatives contracts, Expiry, Futures, futures markets, LedgerX, Okex, options, Options markets, Puts, Skew, Skew.com

Bitcoin options markets are set to see a large expiry on Friday as more than 77,000 BTC worth over $4 billion in derivatives contracts are set to expire. The lion’s share of bitcoin options stems from the derivatives trading platform Deribit, as the exchange has more than $11 billion in open interest today.

Sizzling Hot Bitcoin Options Markets Continue to Bubble, Traders Brace for Max Pain

Crypto derivatives markets, particularly futures, perpetual swaps, and options have continued to see relentless demand in recent weeks. As far as options are concerned, a great number of puts and calls will expire in two days and a touch over 12 hours from now. On April 26, the data analytics company Skew.com tweeted about the 77k BTC worth over $4 billion that will be expiring this week.

“77k bitcoin options expiring this week,†Skew tweeted. “$50k and $52k strikes open in good size,†the analytics provider further noted.

$4 Billion, Analysis, Analytics, Binance, Bitcoin, Bitcoin (BTC), BTC Options, BTC Options OI held, calls, CME, data, deribit, derivatives contracts, Expiry, Futures, futures markets, LedgerX, Okex, options, Options markets, Puts, Skew, Skew.com
Image via Skew.com’s Twitter account.

“This is a very huge indicator in comparison with other expiration dates, which can have a significant impact on the market,†one person replied to Skew’s tweet. Data from both Skew.com’s main web portal and Deribit’s order book shows that a lion’s share of expiries is happening on Deribit.

$4 Billion, Analysis, Analytics, Binance, Bitcoin, Bitcoin (BTC), BTC Options, BTC Options OI held, calls, CME, data, deribit, derivatives contracts, Expiry, Futures, futures markets, LedgerX, Okex, options, Options markets, Puts, Skew, Skew.com

Following the hefty weight of Deribit’s BTC options open interest, exchanges like Bit.com, Okex, Ledgerx, CME, and Huobi have seen rising demand. Data indicates the point where options players will stand to lose the most money is around $54k. If the expiry hits the ‘maximum pain’ inflection point, the market could see bitcoin option sellers reaping the most rewards. In terms of bitcoin options’ daily volume, Deribit has the most in that arena as well.

Crypto Exec Warns Not to Draw Conclusions From Short-Term Price Fluctuations

Industry executives and analysts believe that in terms of spot market action bitcoin (BTC) will see a lot of growth. The leading crypto asset’s climactic rise and swift drops have given critics a chance to bash the cryptocurrency’s volatility. Paolo Ardoino, CTO of Bitfinex told Bitcoin.com News that people shouldn’t draw conclusions over short-term action.

“Critics taking comfort from Bitcoin’s recent dip may realize the folly of seeking to draw any conclusions from rapid short-term price fluctuations,†Ardoino explained to Bitcoin.com News. “In a similar vein, those comparing bitcoin to a gimmick or Ponzi scheme should reconsider their views,†he added.

Ardoino continued:

Meanwhile, while spot markets have bounced back, derivatives contracts from both bitcoin futures and options have stayed frothy. Analytical data from Skew shows that futures open interest continues to see demand as well.

Binance leads the bitcoin futures markets race and is followed by Bybit, Okex, CME, and FTX Exchange in terms of open interest in the billions. On April 21, Skew revealed that CME Group has been seeing a lot of volume as far as bitcoin futures are concerned.

“CME ether futures saw record volumes on Monday,†the analytics provider said.

What do you think about the $4 billion bitcoin options expiry set for Friday? Let us know what you think about this subject in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Bitcoin Markets Blood Red After Tesla Announcement, Crypto Economy Sheds Billions

Digital currency markets have seen better days, as billions of dollars were shaved off the entire crypto-economy after Tesla revealed it would not be accepting bitcoin over environmental concerns. The entire market capitalization of all the crypto assets in existence has dipped under the $2 trillion mark, and most coins are down between 5-30% during […]

Xem chi tiết: Bitcoin Markets Blood Red After Tesla Announcement, Crypto Economy Sheds Billions

Cybersecurity Firm Spots a Crypto Stealer Distributed Through a Massive Email Spam Campaign and Discord Channels

A crypto stealer seems to have spread through a massive spam campaign across several countries, including the United States, Australia, Japan, and Germany. The malware dubbed “Panda Stealer†has been spotted by a cybersecurity company. It is reportedly also distributed on Discord channels. Malware Can Also Steal Data From Telegram and Discord Apps According to […]

Xem chi tiết: Cybersecurity Firm Spots a Crypto Stealer Distributed Through a Massive Email Spam Campaign and Discord Channels

Bank of Israel Drafts Model of a Digital Shekel

The central bank of Israel has offered a glance at what a digitalized version of the national fiat currency may look like. According to a released “draft model†of the coin, Israelis should be able to use the digital shekel in payments, even offline, and convert it to cash at any moment. The Israeli central […]

Xem chi tiết: Bank of Israel Drafts Model of a Digital Shekel

Ethereum Options Trade Volume Exceeds Bitcoin’s, Deribit Introduces a $50K ETH Strike for 2022

Last week, ethereum options volume surpassed bitcoin’s for the first time on the digital currency derivatives exchange Deribit. Further, the trading platform recently introduced a $50k ETH strike for March 2022 and explained the $50k call is “gaining immediate buy traction.†Ethereum Options Volume Grows Exponentially, $50K Strike Flexes Muscle When it comes to bitcoin […]

Xem chi tiết: Ethereum Options Trade Volume Exceeds Bitcoin’s, Deribit Introduces a $50K ETH Strike for 2022

SEC to Scrutinize Funds Invested in Bitcoin Futures

The U.S. securities watchdog has announced it will scrutinize mutual funds that include investments in bitcoin futures markets to verify funds that comply with the Investment Company Act. The institution warned about the dangers of investing in bitcoin futures markets due to the implicit volatility of the underlying asset. SEC Warns Funds About Bitcoin Futures […]

Xem chi tiết: SEC to Scrutinize Funds Invested in Bitcoin Futures

Urban Tea Now Accepts Cryptocurrencies Including Dogecoin

A specialty tea products retailer based in China’s Hunan province, Urban Tea, has introduced crypto payments in its stores and restaurants on two continents. Starting from this week, customers will be able to buy its beverages and meals using various cryptocurrencies. Chinese Tea Stores and Restaurants to Accept Crypto The publicly traded tea company runs […]

Xem chi tiết: Urban Tea Now Accepts Cryptocurrencies Including Dogecoin

100,000 Micro Bitcoin Futures Trade on CME Exchange in First Six Days

More than 100,000 micro bitcoin futures traded on CME in the first six days since launch, the exchange has revealed. CME’s global head of equity index says that this new smaller contract, along with the full-size bitcoin futures, strengthens the exchange’s ability to help a broad array of clients. CME Group, the world’s largest financial […]

Xem chi tiết: 100,000 Micro Bitcoin Futures Trade on CME Exchange in First Six Days

Palantir to Accept Bitcoin for Services, Considers Keeping BTC on Its Balance Sheet

Palantir Technologies, the Peter Thiel-backed, American software company specializing in big data analytics, announced Tuesday that company plans to accept bitcoin for services. Further, like a variety of corporate entities that are accepting and holding bitcoin, Palantir is considering keeping the asset on its balance sheet. Palantir Enters the Crypto Economy On Tuesday, Palantir Technologies […]

Xem chi tiết: Palantir to Accept Bitcoin for Services, Considers Keeping BTC on Its Balance Sheet

Mark Zuckerberg’s Goat, “Bitcoin”, Ignites Conspiracy Theories

How Long Does a Bitcoin Bull Run Last? Proponents Use a Myriad of Charts and Models to Predict Future Prices

Elon Musk Hints at Tesla Accepting Dogecoin for Payments

Morgan Creek’s Mark Yusko Predicts Bitcoin Can Reach $250K in 5 Years

South African Tax Collector Targeting Crypto Investors in Its Bid to Raise Extra Revenues

Ethereum Skyrockets Past $4K Tapping a New ATH, Ether Dominance Jumps to 20%

Shiba Inu Gets Listed in Binance and FTX After Price Skyrockets

Bitcoin’s Smallest Unit: Billionaire Mike Novogratz Wants Crypto Exchanges to Quote Satoshis