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re: Official CryptoTalk Thread

Posted on 3/28/24 at 11:40 am to
Posted by Hateradedrink
Member since May 2023
1311 posts
Posted on 3/28/24 at 11:40 am to
according to an article on cointelegraph, options worth 134k BTC (over 9 billion dollars at 70k) is set to expire on Friday.

The max pain price is 50k. Looking at the graph, almost all the puts are going to expire worthless if we close the week at 70k.

Im not sure I’ve seen puts get completely fricked in the crypto market like this before.
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