There are around 18,000 Bitcoin options due to expire on April 5 with a notional value of $1.23 billion.Today’s tranche of expiring Bitcoin options contracts has a put/call ratio of 0.64. This means there are about a third more call contracts expiring than puts .
There is also around $900 million in open interest at the $70,000 strike price, indicating that the bulls are confident of a return to those levels. Additionally, there is $840 million in OI at a strike price of $100,000,Crypto derivatives tooling provider Greeks Live reported that the volatile week has ended in a short-sellers win before adding that selling calls have been the most dominant trade of the week, “with implied volatility across all major terms showing a significant decline.