CandleFocus

Max Pain—Largest Bitcoin Options Expiry in History to Conclude a Volatile Year

Author: Content Editor
Bitcoin (BTC) is experiencing significant volatility ahead of the largest bitcoin options expiry in history, with $14 billion in open interest set to expire on Friday. The put-call ratio for the expiry stands at 0.69, indicating a higher number of puts than calls. The December expiry dwarfs previous expiries, with 146,000 contracts outstanding. The expiry represents 44% of the total bitcoin options open interest of $32 billion, and more than $4 billion worth of contracts are expected to expire in the money. The market sentiment is uncertain, with heightened volatility of volatility and a stalled bullish momentum. The expiry has the potential to shape the narrative heading into the new year and provides critical insight into positioning and sentiment.

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