RE:Bitcoin CrashingBu11ish0NG0ld wrote:
If BTC goes below 50K then panic will occur. Watch BTC and make your own decisions to sell or hold. GLTA!
A piece of the March 16th Cointelegraph article... By excluding the neutral-to-bearish put options below $47,000 and the call options above $66,000, it is easier to estimate the potential impact of Friday's expiry. Incentives to pump or dump the price by more than 17% become less likely, as the potential gains will seldom surpass the cost. This data leaves $1.13 billion worth of call options from $32,000 to $64,000 strikes for the aggregate options expiry on March 26. Meanwhile, the more bearish put options down to $47,000 amount to $462 million. Therefore, there's a $668 million imbalance favoring the more bullish call options. The March 26 expiry will be far less than $6.1 billion While a $6.1 billion options expiry could be worrisome, nearly 43% of them are already deemed worthless. As for the remaining open interest, bulls are mainly in control because the recent price hike to a new all-time high obliterated 84% of the bearish options. As expiry gets closer, a growing number of put options will lose their value if BTC remains above $52,000, increasing the advantage from the neutral-to-bullish call options.