$ 3 billion in bitcoin options ends today – will it lead to more encryption massacre? star-news.press/wp

• $ 3.04 billion in BTC options has expired at a maximum pain price of $ 107,000 and a PUT/Call rate of 0.95.
• The total of Spot and ETF flows reached more than $ 1 billion in three days, but it failed to raise a bullish reflection.

Bitcoin (BTC) hovers above $ 100,000 this month, and has only gained 1.29 %. However, with the end of billions in options, calm may end soon.

Ambrypto analysis indicates that although there is probably a significant decrease, some investors are trying to resist the declining pressure.

Max Pain at 107 thousand dollars – but BTC is already below it

Nearly $ 3.04 billion has been set in BTC options today, with 0.95 mode/call rate and a maximum pain price of $ 107,000.

The recall rate of less than 1, as in this case, indicates that more traders have purchase (recall) jobs in the market.

Source: Deribit

However, the Bitcoin price is much lower than this maximum pain level at 104,682 dollars, creating a large gap.

This means that merchants who dominate a large part of the virtual value are likely to record significant losses, while the exposed sellers get profit.

This scenario usually causes traders to open more short positions of hedges from losses, while others may choose to make profit.

Ambcrypto analysis confirms that this trend has already started. In the past 24 hours, the open benefit of options (OI) has increased dramatically.

OI increased by 3.88 % to 46.06 billion dollars, indicating that more contracts are opened. At the same time, the trading volume increased to $ 7.06 billion – an increase of 107.64 %.

Source: Coinglass

This increase in both standards, amid a decrease in price and $ 3.04 billion in decades, indicates that more traders tend to sell.

422 million dollars scored!

The landmarks are also in the futures market, which reflects the options market to some extent. In this case, the number of sellers has increased.

The filtering data was mono. Longzz received $ 422.89 million for more than 24 hours, while short pants lost only $ 28.63 million.

Source: Coinglass

Moreover, the long/short percentage reached 0.929 – less than 1, which confirms that the sellers were in control.

Can traditional investors continue to provide bitcoin?

Interestingly, immediate investors have not succeeded. With a value of 150.70 million dollars from BTC flow On the exchanges of more than 24 hours, while the weekly accumulation crossed $ 651 million.

Source: Coinglass

Traditional investors also make movements.

At the time of writing this report, $ 86 million of Bitcoin has been purchased through several Bitcoin investment funds, which contributes to the cumulative purchases of $ 982 million in the past three days.

These purchases widely affect market certificates and may eventually lead to latitude.

However, the reflection of the important market – specifically a $ 3,000 in bitcoin price – is unlikely to end before the options expire.

If this reflection does not happen, Bitcoin is likely to slip.