Welcome to the Off-Shore Club

The #1 Social Engineering Project in the world since 2004 !

Important Notice:

✅UPGRADE YOUR ACCOUNT TODAY TO ACCESS ALL OFF-SHORE FORUMS✅

[New]Telegram Channel

In case our domain name changes, we advise you to subscribe to our new TG channel to always be aware of all events and updates -
https://t.me/rtmsechannel

OFF-SHORE Staff Announcement: Do NOT sell Drugs here AT ALL, in short we mean 1 Drug Post = Instant persistent ban on the legit network forums ! Want to know what it means, try and see !
Happy Hacking !


30% Bonus on ALL Wallet Deposit this week For example, if you deposit $1000, your RTM Balance will be $1000 + $300 advertising wallet that can be used to purchase eligible products and service on forums or request withdrawal. The limit deposit to get the 30% bonus is $10,000 for a $3000 Marketplace wallet balance Bonus.

Deposit Now and claim 30% more balance ! - BTC/LTC/XMR


Always use a Mixer to keep Maximum anonimity ! - BTC to BTC or BTC to XMR

🚀 Crypto Can BTC Hold Above $60K With $1.3B Bitcoin Options Set to Expire?

Gold

Gr@c3

Holy HOLDER
🚀 Crypto ₿OP Club
USDT(TRC-20)
$3,000.0
There are approximately 21,800 Bitcoin options contracts due to expire on Friday, April 19.

These derivatives have a notional value of around $1.33 billion, which is marginally lower than last week’s expiry event.

Moreover, crypto markets have been tanking hard all week, with Bitcoin poised to lose its psychological price level of $60,000.

Bitcoin Options Expiry​


Today’s expiring batch of BTC contracts has a put/call ratio of 0.63, which means there are almost twice as many call (long) contracts expiring as puts (shorts).

The bulls still appear to be dominating derivatives markets with the most open interest at the $80,000 strike price, according to Deribit. There is $881 million worth of long contracts at this level with more than $700 million in OI at both $70,000 and $75,000 strike prices.

Just $453 million in OI is at $60,000, which is closer to the maximum pain point and current spot prices.

Bitcoin options OI by expiry. Source: Deribit
Bitcoin options OI by expiry. Source: Deribit

Crypto derivatives tooling provider Greeks Live commented that despite the “extreme panic spreading in the market” this week, with BTC losing $60,000 and ETH losing $3,000, major term options implied volatility is falling significantly.

Implied volatility (IV) refers to future measures of market volatility derived from expiring derivatives contracts.

It added, “With Bitcoin’s long strength still intact and halving just this Saturday, the bulls still need Bitcoin to lead this month.”

In addition to today’s Bitcoin options expiry, 297,000 Ethereum options contracts will also expire. These have a notional value of $960 million and a put/call ratio of 0.42 as longs vastly outnumber shorts.

Greeks Live said that “the long side of Ethereum is more fragile and has limited ability to lead the market.”

Crypto Market Outlook​


Total capitalization has remained flat on the day at $2.37 trillion but markets have started to turn south again during the Friday morning Asian trading session.

Bitcoin, which is still correcting, dipped sharply to $60,000, where it found support again and bounced back to $62,000 within an hour.

Ethereum has had a worse time, dumping to $2,876 before recovery but it had not reclaimed the psychological $3,000 level at the time of writing and was trading at $2,989.

The altcoins were predominantly in the red by various degrees aside from Toncoin (TON), which had gained 9% on the day.

The post Can BTC Hold Above $60K With $1.3B Bitcoin Options Set to Expire? appeared first on CryptoPotato.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Friendly Disclaimer We do not host or store any files on our website except thread messages, most likely your DMCA content is being hosted on a third-party website and you need to contact them. Representatives of this site ("service") are not responsible for any content created by users and for accounts. The materials presented express only the opinions of their authors.
🚨 Do not get Ripped Off ! ⚖️ Deal with approved sellers or use RTM Escrow on Telegram
Gold
Mitalk.lat official Off Shore Club Chat


Gold

Panel Title #1

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Panel Title #2

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
Top