tl;dr
On March 29th, there is a significant end-of-quarter Bitcoin options expiry event, with approximately 135,250 BTC options contracts expiring, and a notional value of $9.74 billion. The put/call ratio for today’s tranche is 0.85, and bulls appear to be dominating the derivatives markets with almost a...
On March 29th, there is a significant end-of-quarter Bitcoin options expiry event, with approximately 135,250 BTC options contracts expiring, and a notional value of $9.74 billion. The put/call ratio for today’s tranche is 0.85, and bulls appear to be dominating the derivatives markets with almost a billion dollars in open interest. Additionally, around 1.58 million Ethereum options contracts will also expire on the same day, with a notional value of around $5.67 billion. This large expiration event may lead to some additional volatility in the crypto markets, although spot markets are not typically impacted by derivatives expiration.
Today's big expiration event for Bitcoin options on March 29th is the largest expiration event so far this year, with a notional value of $9.74 billion. The put/call ratio for today’s tranche is 0.85, indicating a slight dominance of long contracts being sold. Bulls appear to be dominating the derivatives markets with almost a billion dollars in open interest at much higher strike prices, including $75,000 and even $100,000. The size of this event means there may be some additional volatility, although spot markets are not usually impacted by derivatives expiration.
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