$2.2 Billion Notional in BTC Options Set to Expire on Friday, Bitcoin Contango Has Returned

According to data from Skew Analytics, more than 55,000 bitcoin options contracts worth $2.2 billion will expire on Friday. Statistics further show, as far as options are concerned, Deribit captures the lion’s share of contracts with 48,469 bitcoin options contracts ($1.95 billion notional) set to expire.

55K in Bitcoin Option Set to Expire, Deribit Carries $1.95 Billion Notional

$2.2 Billion Notional in BTC Options Set to Expire on Friday, Bitcoin Contango Has Returned
At press time, BTC ‘max pain’ at $50k is 26.9% higher than bitcoin’s (BTC) current spot market price at 5:30 p.m. (ET) on Thursday evening.
$2.2 Billion Notional in BTC Options Set to Expire on Friday, Bitcoin Contango Has Returned
At press time, ETH ‘max pain’ at $3k is 11.11% higher than ethereum’s (ETH) current spot market price at 5:30 p.m. (ET) on Thursday evening.

What do you think about the 55k worth of bitcoin options set to expire on Friday? Let us know what you think about this subject in the comments section below.

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Image Credits: Shutterstock, Pixabay, Wiki Commons, deribit, Skew.com,

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