18, with the notional value of open contracts declining amidst a lower volatility environment. A put/call ratio of 0.86 implies that there are slightly more long (call) contracts expiring than shorts (puts).
Open interest remains high at strike prices of $70,000 and $100,000. Meanwhile, a $4 billion Bitcoin options expiry event on the last Friday of this month looms.
Bitcoin options contracts worth $1.26 billion are set to expire on Oct. Although Bitcoin has hit a ten-week high of $68,159, it remains range-bound until it tops the mid-March all-time high.
Ethereum options worth $367 million are also expiring, bringing the total crypto options expiry to $1.6 billion for the week.
