BTC options expiration could lead to increased volatility
Experts are on the expectation that bitcoin price volatility will increase due to the expiration of 47% of BTC options this September 25
This Friday, September 25, is the expiration date of 47% of the BTC options. Given the proximity of the date, expectations increase regarding what the trend in volatility of the main cryptocurrency could be globally.
The current value in BTC options is $ 1.9 billion. According to market analysts, this provides some confidence regarding stability. However, they estimate that the degree of concentration of long-term options is unusual.
As a precedent, it can be mentioned that last June there was a similar trend, which led to the reduction of open interest on BTC options by USD 900 million.
Against this background, in which there is still no talk of an upward or downward trend, the main investors are analyzing the variations in bitcoin trading as well as new marketing strategies.
On March 12, the volatility index – which measures the average premium paid in the options market – caused panic in the ecosystem, as BTC fell to its annual lows at USD 3,637 (known as “Black Thursday”). However, the current level of fear is estimated to be lower although a sudden movement in prices is not ruled out.
M.Pino
Source: cointelegraph
