#Bitcoin Options to Expire on April 7 with a Ratio of 1.85 Call Option to Put Option
According to reports, data shows that $1.12 billion of Bitcoin options will expire on April 7. Among them, the ratio of 1.85 call option to put option reflects the interest differe
According to reports, data shows that $1.12 billion of Bitcoin options will expire on April 7. Among them, the ratio of 1.85 call option to put option reflects the interest difference between the open positions of $720 million call option (buy) and $390 million put option (sell). If the price of Bitcoin remains around $28100 at 8:00 a.m. UTC on April 7, there will be only $125 million in call option. In addition, the key level of maturity is $28000, but due to increased economic recession risks and market volatility, it is impossible to predict the outcome. If bulls can obtain $100 million in funds, these funds are likely to be used to further strengthen support levels.
$1.12 billion Bitcoin options expire today
##Introduction
Bitcoin, the world’s largest cryptocurrency, is set to see a significant $1.12 billion worth of Bitcoin options expire on April 7. The market is buzzing with excitement and anticipation over what this could mean for the future of Bitcoin.
##What Are Bitcoin Options?
Bitcoin options are a type of financial derivative that give the trader the right, but not the obligation, to buy or sell Bitcoin at a predetermined price on a specific date. The options expire at a set time and date, after which the contract loses all value.
##April 7 Expiry: Ratio of 1.85 Call Option to Put Option
On April 7, a staggering $1.12 billion worth of Bitcoin options are set to expire. The current ratio of 1.85 call options to put options reflects a significant interest difference between the open positions of $720 million call options (buy) and $390 million put options (sell).
##Price of Bitcoin at 8:00 a.m. UTC on April 7
If the price of Bitcoin remains around $28100 at 8:00 a.m. UTC on April 7, there will only be $125 million in call option. This could potentially lead to a significant increase in Bitcoin’s price, as traders rush to buy Bitcoin at a higher price.
##Key Level of Maturity: $28000
The key level of maturity for the current Bitcoin options is $28000. However, due to increased economic recession risks and market volatility, it is impossible to predict the outcome with certainty.
##Bulls Need $100 Million in Funds
If bulls can obtain $100 million in funds, these funds are likely to be used to further strengthen support levels. This could potentially lead to a significant increase in Bitcoin’s price, as traders rush to buy Bitcoin at a higher price.
##Conclusion
The upcoming expiry of Bitcoin options on April 7 is set to have a significant impact on the cryptocurrency market. With $1.12 billion worth of options set to expire, the market is buzzing with excitement and anticipation.
##FAQs
1. What are Bitcoin options?
A: Bitcoin options are a type of financial derivative that give the trader the right, but not the obligation, to buy or sell Bitcoin at a predetermined price on a specific date.
2. What is the ratio of call option to put option for April 7 expiry?
A: The current ratio of 1.85 call options to put options reflects a significant interest difference between the open positions of $720 million call options (buy) and $390 million put options (sell).
3. Could the April 7 expiry lead to a significant increase in Bitcoin’s price?
A: If the price of Bitcoin remains around $28100 at 8:00 a.m. UTC on April 7, there will only be $125 million in call option. This could potentially lead to a significant increase in Bitcoin’s price, as traders rush to buy Bitcoin at a higher price.
##Keywords
Bitcoin options, Bitcoin, Call option, Put option, Expiry, Maturity level, Bull market, Cryptocurrency trading.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/13188/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Menai Financial Group Shuts Down Market Making Operations in Tokyo and London: A Sign of the Changing Landscape for Cryptocurrency Financial Services
According to reports, Menai Financial Group, a cryptocurrency financial services company, will close its market making operations in Tokyo and London. According to an insider, the
-
The Evolution of Stable Currency in Blockchain: From IOUs to Assets
It is reported that in response to the recent problem of the stable currency market, Matt Hamilton, former developer relations director of Ripple and now chief developer of Protocol Labs, said on social media that XRP Ledger is the first blockchain to support the so-called stable currency. On XRPL, this type of asset is named and called IOU (I own you) tool, that is, debt obligation. Users lend 1000 dollars in exchange for 1000 USDC, and Circle will return it as needed, Such a system requires users to clearly determine their level of trust in counterparties. Matt Hamilton said that the concept of stable currency changed because of the arrival of Ethereum, because people began to regard the stable currency such as USDT or USDC itself as an asset rather than the debt of other assets. Former developer relations director of Ripple: Ethereum has changed the concept of stable currency from debt to asset Analysis based on this information:The stable…
-
Chainlink Announces Sepolia as Main Ethereum Test Network
According to reports, Chainlink posted an article on social media saying that Sepolia test network is now Chainlink\’s main Ethereum test network, and its core …
-
Binance to Delist HNT and WABI
On March 17th, according to an official announcement, Binance will take off the shelves of HNT and WABI and stop trading on HNT/BUSD and WABI/BTC trading pairs at 11:00 pm Beijing time on March 24th. After the transaction of each corresponding transaction pair is stopped, all transaction orders will be automatically deleted. Binance will be taken off the shelves of HNT and WABI on March 24th Analysis based on this information:According to an official announcement made on March 17th, Binance, one of the leading cryptocurrency exchanges in the world, will delist two trading pairs, HNT/BUSD and WABI/BTC, and the two tokens, HNT and WABI from its platform. The delisting process will begin on March 24th at 11:00 pm Beijing time, and all outstanding transaction orders will be deleted automatically after the trading pairs become inactive. The primary reason behind the decision to delist HNT and WABI is not disclosed. However, it is common for exchanges to remove tokens that have…
-
#The Current State of Bitcoin: A Look at the Network Computing Power, Difficulty, and Transactions
On April 24th, according to Tokenview data, the current Bitcoin network computing power reaches 351.26EH/s; The overall network difficulty of Bitcoin is 48.71T; The total number of
-
Coinbase announces the launch of Virtua (TVK) and Dimo (DIMO)
On April 17th, Coinbase announced that it would increase support for Virtua (TVK) and Dimo (DIMO) on the Ethereum network (ERC-20 token). If the liquidity conditions are met, the t
-
Encryption Artists Terrell Jones and Des Lucre Collaborate with Sotheby’s to Leverage NFTs
According to reports, encryption artist Terrell Jones announced on social media that he would auction the \”American Dream Life\” NFT at Sotheby\’s, which was rep…
-
Revolutionizing Recruitment: CV Wallet Raises $1.1 Million to Create a Trusted Ecosystem through Web3 Technology
According to reports, Web3 skills recruitment platform CV Wallet announced the completion of a $1.1 million angel round financing with a valuation of $7 million. The company aims t
-
Binance Charity and Mercy Corps Ventures Announce Partnership to Promote Financial Inclusivity
According to reports, Binance Charity, a charity under the cryptocurrency trading platform Binance, has announced a partnership with venture capital firm Mercy Corps Ventures to pr
-
How AI Could Soon Surpass Human Capabilities
On April 30th, Edward Snowden, Chairman of the Press Freedom Foundation, stated at the 2023 Consensus that artificial intelligence (AI) models may soon surpass human capabilities,
-
Understanding the Recent A-share Market Performance
According to the news, the A-share market closed at 3393.33 points, with the Shanghai Composite Index rising 0.23%, the Shenzhen Composite Index closing at 11860.4 points, with a c
-
Aleph Zero Announces Smart Contract Ink! 4.0 and Launches Ecosystem Funding Program
On March 30, it was announced that Layer 1 Privacy Enhancement Blockchain Aleph Zero announced the smart contract ink! 4.0 On the Aleph Zero main network, the new DApp will be able
-
#Table of Contents
On April 12th, it was reported that Cai Zhonghui, the interim head of the Intermediary Department of the Hong Kong Securities and Futures Commission, stated at today\’s \”2023 Hong K
-
Paxos Challenges SEC’s “Wells Notice” Claiming BUSD as Security
It is reported that Charles Cascarilla, CEO of Paxos, raised an objection to the unilateral \”Wells Notice\” issued by the Securities and Exchange Commission of …
-
#PROOF Launches New Curatorial Plan with Emily Xie as First Curator: A Look at Evolving Pixels and Venus Over Manhattan
On March 30th, the parent company of Moonbirds, PROOF, launched a new curatorial plan, PROOF Curated. Artist Emily Xie served as the first curator, and the first exhibition include
-
Why can’t the country stop mining
Why Can’t the Country Help Mining | Edited by Qin Xiaofeng | Produced by Hao Fangzhou | Daily Planet Daily (ID: o-daily) Why Can the Country Help Mining After the implementation of the Economic and Information Technology Law of the Economy of China, the “illegal use” of virtual currencies such as Bitcoin and Ethereum will be strictly supervised. At the same time, the Notice on Preventing Financing Risks in Token Issuance (Yin Fa [2021] No. 37) will also officially take effect in the near future At present, China has made clear the relevant policies prohibiting the mining of cryptocurrency, including: severely cracking down on illegal activities such as ICO and IFO; Strengthen education and training on network information security technology; Resolutely resist enterprises and institutions that use computers and computing resources to carry out illegal and criminal activities. (China News, Publication, Radio and Television News) [original link] Why the country does not prohibit miningToday, under the leadership of the National…