Bitcoin worth ~$622M to expire in 30 minutes: What to expect?
In around half-an-hour’s time [i.e. at 8:00 AM UTC on Friday] Bitcoin worth approximately $621.687 million is set to expire . Traders seem to be divided at the moment, with nearly equal bets placed on both the sides of the spectrum. The call OI at press time for November 18’s expiry stood at 18,164.72 BTC. The put OI, on the other hand, stood at 18,884.6 BTC. Resultantly, the call/put ratio stood at the brink of 1 [at 0.96, to be precise]. Source: Coinglass As illustrated below, most bearish bets have been placed at lower strike prices, while bullish bets have been placed towards upside targets. Nevertheless, the $18k psychological level seemed to be the most attractive one to traders. At the said price, bullish bets for an aggregate of 2.03k BTC were made. Sell-side bets, at the same level, stood slightly lower, around 1.9k BTC. Source: Coinglass Bitcoin Price At press time, bears seemed to be in control of control. BTC registered a streak of back-to-back red candl...