Bitcoin’s $3B Options Expiry: Will BTC Take a Dive or Soar? 🤔💸
According to our friends at Deribit, these contracts are scheduled to expire at 08:00 UTC, which is just a fancy way of saying, “Get ready for some market fireworks!” 🎆 The open interest is almost evenly split between calls and puts, with a put-to-call ratio of 0.95. This suggests a slightly bullish bias, but let’s be honest, with the current spot price hovering around $104,000, it’s like trying to find a needle in a haystack that’s also on fire. 🔥