On Friday, the cryptocurrency market experienced the expiration of options worth approximately $5.9 billion. The nominal value of Bitcoin (BTC) options stood at $4.6 billion, with a put/call ratio of 0.95 and a max pain point at $118,000. Additionally, Ethereum (ETH) options had a nominal value of $1.3 billion, a put/call ratio of 1.04, and a max pain point of $4,000. This significant event has drawn attention to the market’s dynamics and potential price movements.
Cryptocurrency Market Sees ~$5.9 Billion Options Expiration on Friday
