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Coinpedia 2024-07-05 10:33:23

Bitcoin Options Expiry Reflects Bearish Market Sentiment

The post Bitcoin Options Expiry Reflects Bearish Market Sentiment appeared first on Coinpedia Fintech News A significant event is approaching in the crypto market, with 18,300 Bitcoin options worth $1 billion set to expire on Deribit. The put/call ratio stands at 0.65, indicating a higher volume of call options compared to puts. The max pain point has shifted down to $61,500 from $63,500, reflecting the selling pressure and bearish sentiment …

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