Bitcoin price range from $ 95 thousand-105 thousand dollars in focus as the end of BTC options worth $ 10 billion

Bitcoin

The billions of dollars options will be expired on Friday at 08:00 UAE time on Deribit, making the range from 95,000 to $ 105,000 a critical area for potential fluctuations and directional signals.

At the time of the press, a total of 93,131 contracts for the monthly Bitcoin options, whose value is more than $ 10 billion, was scheduled to settle, with 53 % of calls and the rest was offered. The call option is a bullish bet on the market, while the PUT option provides insurance for the price slides. On Deribit, one BTC options contract is one.

The distribution of open benefits is that the large amount of exposure “Delta” collects 95,000 dollars, 100,000 dollars and 105,000 dollars. This means that traders who occupy sites in these strikes have significant net risks to Bitcoin.

Gamma, which measures the options sensitivity of the BTC changes, will reach its climax with the approaching expiration. Therefore, price fluctuations can lead to a widespread hedge by both investors and market makers (who are always on the other side of investor trading), which leads to an increase in price disorder.

“The largest concentration in Delta is in Deribit BTC on May 30, with Delta of $ 2.8 billion to lead strikes at $ 100,000, 105 thousand dollars, and 95 thousand dollars, which has the possibility of strong flows driven by Al -Quma to the end of the month. explainer On x.

Volmex added: “Any step can lead to a hedge of an aggressive merchant, a fragile gamma environment! Expect fluctuation!”

At the time of the press, Bitcoin changed its hands at 107,700 dollars, after reaching record levels exceeding $ 111,000 in the previous week, according to Coindesk data.

The DVOL DERIBIT index, which represents the 30 -day or expected fluctuations, indicates the minimum anxiety about the fluctuations driven by the upcoming expiration.

The annual oscopy in Volmex increased for one day to 45.4 %. This means that the price of 24 hours is 2.37 %.