According to Lin, the Asia-Pacific Business Manager of the cryptocurrency options exchange Deribit, this Friday (29th) will witness the largest Bitcoin (BTC) options expiration in history, with a nominal value of $9.45 billion and a put-to-call ratio of 0.82. The maximum pain point is $50,000. Lin added that the data for this maximum pain point has become distorted due to the sharp surge in the past few months.
Bitcoin Momentum Slows! Leverage Risks Mount as Market Eyes Key Support at $110,000
On-Chain Analysis Company Glassnode ReportsOn-chain analysis company Glassnode noted in it…