"Bitcoin Options Worth $2.8 Billion Set to Expire... Max Pain Price at $103,000 in Focus"
Summary
- Concerns about short-term volatility are rising due to the impending expiration of approximately $2.8 billion in Bitcoin options.
- The max pain price is set at $103,000, indicating a potential downside risk due to the difference from the current price.
- A large number of call options open interest is concentrated in the $110,000 to $130,000 range, which could act as a boundary for short-term adjustments and further gains.
Approximately $2.8 billion worth of Bitcoin (BTC) options contracts are set to expire on the 24th (local time), raising concerns about short-term volatility in the market.
According to the cryptocurrency media outlet CryptoEconomy.com on the 23rd (local time), $2.8 billion worth of Bitcoin options will expire on the 24th. The max pain price is set at $103,000.
Typically, coin prices tend to move towards the max pain price, which is the price at which the most options contracts are liquidated. This suggests a potential decline considering the difference from the current price.
The media added, "In the options market, there are approximately $1 billion worth of call options open interest concentrated in the $110,000 to $130,000 range," noting that the current price acts as a trigger for short-term adjustments and, conversely, could serve as a starting point for further gains."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Market] Bitcoin falls below $71,000…Lowest level since October 2024](https://media.bloomingbit.io/PROD/news/0e5880b9-61dd-49d4-9d2e-c47a3fb33a93.webp?w=250)
