Bitcoin options worth $3.7 billion approaching expirationFeb. 23, the last Friday of the month, marks the expiration of an impressive $3.7 billion in Bitcoin (BTC) options, a situation that could notably influence the Bitcoin market, according to Deribit data. Deribit data shows that the options, totaling $3.7 billion for BTC, feature a significant open interest – a total of 71,340 contracts for both calls and puts combined. The put/call ratio for BTC stands at 0.76, reflecting 76 put options for every 100 call options.
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