RE: Bitcoin18 Jan 2021 15:56
Interesting!
Will January 29 become D-Day for Bitcoin?
As data from Deribit shows, 29 January could be a seminal day for Bitcoin in the coming weeks. 45% of all bitcoin options expire on 29 January. This is once again significantly more than the previous ATH of 25 December 2020, when there was the largest expiry of Bitcoin options to date, with a volume of $2.4 billion. However, according to the latest data from Deribit, there are 94,060 bitcoins on the expiry calendar for 29 January.
This large volume shows that there is an unusually high concentration that could have a strong impact on the BTC price. However, the positive news is that the data is bullish. For example, there are quite a few call options at the $46,000 level and only a few put options below $28,000. However, these are considered worthless as they are outside the current price trend.