A turbulent crypto journey unfolds as Bitcoin and Ethereum price decline defies expectations and sparks a frantic movement in the derivative space.
Bitcoin’s [BTC] Price PredictionThe data revealed that approximately 22,000 BTC options were about to expire, with a Put Call Ratio of 0.55. Also, the maximum pain point was $29,500 and a total notional value of $580 million.
Cryptocurrency options are financial derivatives that grant traders the choice, but not the obligation, to either buy or sell at a predetermined price within a specific time frame .
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