Crypto Blog
March 29 is an end-of-quarter Bitcoin options expiry event, and it is a big one. There are approximately 135,250 BTC options contracts expiring today.
Bulls appear to be dominating the derivatives markets with almost a billion dollars in OI at much higher strike prices, including $75,000 and even $100,000.Crypto derivatives tooling provider Greeks Live reported the total value of crypto options for today’s expiry event. With the big quarterly delivery and $15bn of options pending, market participants are ramping up to move their positions, with BTC calls continuing to be the absolute workhorse of the move.In addition to the massive batch of Bitcoin contracts, around 1.58 million Ethereum options contracts will also expire on March 29. These have a notional value of around $5.67 billion and a put/call ratio of 0.63, which means more calls than puts expiring today.
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