{"id":88505,"date":"2024-08-02T11:14:10","date_gmt":"2024-08-02T15:14:10","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=88505"},"modified":"2024-08-02T11:14:14","modified_gmt":"2024-08-02T15:14:14","slug":"bitcoin-options-37000-contracts-expiring","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitcoin-options-37000-contracts-expiring\/","title":{"rendered":"Bitcoin Options: 37000 Contracts Expiring August 2 Amid Volatility"},"content":{"rendered":"\n

Bitcoin options<\/a> traders are disinterested in August, as there is no huge catalyst. Bitcoin whale buy\u00a0the BTC price fell to $63,000 earlier today.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The Bitcoin (BTC) price has recently come under selling pressure, following the US Fed meeting, where the central bank chose to maintain interest rates constant at 5.25%.<\/p>\n\n\n\n

With significant volatility in the last 24 hours, the Bitcoin price has been fluctuating at about $64,000.<\/p>\n\n\n\n

The Bitcoin options expiration of today is the focus of all attention.<\/p>\n\n\n\n

Bitcoin Options Expiry<\/h2>\n\n\n\n

Major market movements are indicated by the fact that over 37,000 Bitcoin options are expiring later today, August 2, according to Greeks.Live data.<\/p>\n\n\n\n

Today's Bitcoin options expiry has a put-call ratio of 0.58, a Maxpain point of $66,000, and a notional value of $2.4 billion.<\/p>\n\n\n\n

Recently, the crypto market has been in a state of decline due to the introduction of the spot Ethereum ETF and overall outflows.<\/p>\n\n\n\n

Despite significant events, all major term implied volatilities (IVs) have seen substantial declines, with the Dvol index reaching its lowest point in 2024.<\/p>\n\n\n\n

This indicates that the market has relatively low expectations in the wake of the ETF's launch<\/a>.<\/p>\n\n\n\n

On the other hand, the recent underperformance of US stocks indicates that there is no significant momentum to support the market in August.<\/p>\n\n\n\n

Many market analysts predict that the actual movement will occur after the Federal Reserve's rate cut in September.<\/p>\n\n\n\n

Consequently, some altcoin whales have begun purchasing dips in anticipation of the rate cut.<\/p>\n\n\n\n

BTC Liquidations Before Options Expiry<\/h2>\n\n\n\n

Bitcoin has experienced significant volatility in the last 24 hours, plummeting below $62,000 before ultimately rebounding.<\/p>\n\n\n\n

As the Bitcoin price\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> plummeted below $63,000, a total of $2.5 billion in long liquidations occurred in the leveraged long positions.<\/p>\n\n\n\n

Ali Martinez, a prominent crypto analyst, has stated that the bears will receive $2.4 billion in short position liquidations if the BTC price is able to rally to $70,440.<\/p>\n\n\n\n

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A bunch of #Bitcoin<\/use><\/svg><\/span><\/a> bulls got rekt in this downswing. According to data from @coinglass_com<\/use><\/svg><\/span><\/a>, over $2.50 billion in leveraged long positions got liquidated as $BTC<\/use><\/svg><\/span><\/a> dipped below $63,000!

Now, bears are getting cocky. But nearly $2.40 billion in leveraged short positions will be\u2026 pic.twitter.com\/QHULbk8vWy<\/use><\/svg><\/span><\/a><\/p>— Ali (@ali_charts) August 1, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

Conversely, the Bitcoin whales are once more investing in dips.<\/p>\n\n\n\n

The wallet address “bc1qh” of a newly born whale has withdrawn 4,600 BTC from Bitfinex at about $63,209, a sum that is worth an astonishing $291 million, according to data from SpotonChain.<\/p>\n\n\n\n

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Fresh whale \u201cbc1qh\u201d withdrew 4,600 $BTC<\/use><\/svg><\/span><\/a> ($291M) from #Bitfinex<\/use><\/svg><\/span><\/a> at ~$63,209 at the dip in the past 8 hours!

Recently, we also noticed 3 other whales (likely one entity) withdrawing 3,910 $BTC<\/use><\/svg><\/span><\/a> ($257M) from #Bitfinex<\/use><\/svg><\/span><\/a> since June 12, with the last accumulation only 3 days ago.

Is\u2026 https:\/\/t.co\/N09fJsv6xq<\/use><\/svg><\/span><\/a> pic.twitter.com\/j4Nm9jxHim<\/use><\/svg><\/span><\/a><\/p>— Spot On Chain (@spotonchain) August 2, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

Bitcoin options traders are disinterested in August, as there is no huge catalyst. Bitcoin whale buy\u00a0the BTC price fell to $63,000 earlier today. The Bitcoin (BTC) price has recently come under selling pressure, following the US Fed meeting, where the central bank chose to maintain interest rates constant at 5.25%. With significant volatility in the […]<\/p>\n","protected":false},"author":56,"featured_media":88552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-88505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/08\/Bitcoin-Options-37000-Contracts-Expiring-August-2.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/88505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=88505"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/88505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/88552"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=88505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=88505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=88505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}