[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"news-aggregator-will-crypto-markets-recover-wh1450192e64b-f48c-786d-b99c-11790a63ee85":3},{"id":4,"timestamp":5,"title":6,"content":7,"link":8,"preview":9,"tags":10,"predictedTags":11,"showTags":12,"source":13,"reactions":14,"selfReactions":15,"logo":16,"sourceId":17,"sourceUserId":18,"asset":19,"tagsCategories":20,"totalComments":21,"lang":22,"unique_views_count":23,"enrichStatus":19,"triageKind":18,"triageImportance":18,"expandEligible":18,"summarizeEligible":18,"eventEligible":18,"eventType":18,"eventAction":18},"will-crypto-markets-recover-wh1450192e64b-f48c-786d-b99c-11790a63ee85","1730439297000","Will Crypto Markets Recover When $2B Bitcoin Options Expire Today?","\u003Cp>Approximately 28,000 Bitcoin options contracts are expiring on Friday, Nov. 1, with a notional value of around $2 billion.\u003C/p>\u003Cp>Today’s options expiry is much smaller than last week’s \u003Ca href=\"https://cryptopotato.com/how-will-crypto-markets-move-when-4-2b-bitcoin-options-expire-today/\">month-end event\u003C/a>, which saw more than double the value of BTC options expiring. Therefore, its impact on spot markets is likely to be muted.\u003C/p>Bitcoin Options Expiry\u003Cp>This week’s tranch of Bitcoin options contracts, the first in November, has a put/call ratio of 0.92. This means that long (calls) and short (puts) contract expiries are more evenly distributed. The max pain point of today’s batch is $69,000, which is pretty close to current spot prices.\u003C/p>\u003Cp>Additionally, open interest (OI), or the value or number of open options contracts yet to expire, has surged to $1.3 billion at the strike price of $80,000, \u003Ca href=\"https://www.deribit.com/statistics/BTC/metrics/options\" target=\"_blank\">according\u003C/a> to Deribit.\u003C/p>\u003Cp>This week, the head of derivatives at Arbelos Markets, Joshua Lim, \u003Ca href=\"https://x.com/joshua_j_lim/status/1851644268445659313\" target=\"_blank\">observed\u003C/a> that CME Bitcoin options experienced some of the largest volume days ever ahead of the US election. He said there were large contract buys for the $85,000 strike price, which is “very bullish positioning into the election,” before adding that it was “great to see institutions sizing up like this on CME.”\u003C/p>\u003Cp>“Perhaps a good sign that there is and will be growing liquidity in the crypto derivatives markets as the asset class matures.”\u003C/p>\u003Cp>1 Nov Options Data28,000 BTC options expired with a Put Call Ratio of 0.92, a Maxpain point of $69,000 and a notional value of $1.97 billion.137,000 ETH options expired with a Put Call Ratio of 0.69, a Maxpain point of $2,550 and a notional value of $350 million.Bitcoin hit… \u003Ca href=\"https://t.co/skJ4ofhpOk\" target=\"_blank\">pic.twitter.com/skJ4ofhpOk\u003C/a>\u003C/p>\u003Cp>— Greeks.live (@GreeksLive) \u003Ca href=\"https://twitter.com/GreeksLive/status/1852193809301672429?ref_src=twsrc%5Etfw\" target=\"_blank\">November 1, 2024\u003C/a>\u003C/p>\u003Cp>\u003C/p>\u003Cp>In addition to today’s Bitcoin options, there are around 137,000 Ethereum options contracts ready to expire with a put/call ratio of 0.68, a max pain point of $2,550, and a notional value of $350 million. This brings Friday’s combined crypto options expiry notional value to around $2.3 billion.\u003C/p>Crypto Market Outlook\u003Cp>Around $100 billion has been dumped from total crypto market capitalization over the last 24 hours, dropping it to $2.43 trillion in a 5.5% slump.\u003C/p>\u003Cp>\u003Ca href=\"https://cryptopotato.com/bitcoin-dominance-skyrockets-to-3-5-year-high-as-btc-maintains-72k-market-watch/\">Bitcoin\u003C/a> flirted with its all-time high on Oct. 30 but failed to breach it and move into new price discovery. It has since corrected by 4% briefly slipping below $69,000 during the Friday morning Asian trading session.\u003C/p>\u003Cp>Ethereum topped out at $2,700 but could not find any more momentum and has since retreated back to $2,500.\u003C/p>\u003Cp>Moreover, most of the altcoins have \u003Ca href=\"https://cryptopotato.com/as-bitcoin-nears-record-highs-500b-missing-from-altcoin-markets/\" target=\"_blank\">remained lethargic\u003C/a> all week, failing to follow Bitcoin’s big move, and most of them are deep in the red this Friday morning.\u003C/p>\u003Cp>The post \u003Ca href=\"https://cryptopotato.com/will-crypto-markets-recover-when-2b-bitcoin-options-expire-today/\">Will Crypto Markets Recover When $2B Bitcoin Options Expire Today?\u003C/a> appeared first on \u003Ca href=\"https://cryptopotato.com/\">CryptoPotato\u003C/a>.\u003C/p>","https://cryptopotato.com/will-crypto-markets-recover-when-2b-bitcoin-options-expire-today/","https://cryptopotato.com/wp-content/uploads/2024/01/bitcoin_etf_btc_cover.png","[\"AA News\",\"BTCEUR\",\"BTCGBP\",\"BTCUSD\",\"BTCUSDT\",\"Crypto News\",\"Bitcoin (BTC) Price\",\"Deribit\"]","[\"Ethereum\",\"ETH\",\"Bitcoin\",\"BTC\",\"Notional\",\"Strike\",\"Market\"]","[{\"name\":\"Ethereum\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/blockchains/ethereum.png\"},{\"name\":\"ETH\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/blockchains/eth.png\"},{\"name\":\"Bitcoin\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/blockchains/bitcoin.png\"},{\"name\":\"BTC\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/blockchains/btc.png\"},{\"name\":\"Notional\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/notional.png\"},{\"name\":\"Strike\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/strike.png\"},{\"name\":\"Market\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/market.png\"}]","145",[],[],"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/news-feeds/sources/cryptopotato.png","CryptoPotato",null,"","[\"Crypto\"]","0","EN","1"]