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.
On-Chain Analysts Warn: The True Bottom for Bitcoin May Not Have Been Reached Yet, with $65,000 Potentially Serving as a Key Support Level
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