The post Bitcoin Options Expiry Reflects Bearish Market Sentiment appeared first on Coinpedia Fintech News
A significant event is approaching in the crypto market, with 18,300 Bitcoin options worth $1 billion set to expire on Deribit. The put/call ratio stands at 0.65, indicating a higher volume of call options compared to puts. The max pain point has shifted down to $61,500 from $63,500, reflecting the selling pressure and bearish sentiment …