Bitcoin News Thebittimes.Com

Over $6.51 billion in Bitcoin and Ethereum options are due to expire on Nov. 24, potentially indicating heightened trading activity. A  vast number of Bitcoin (BTC) and Ethereum (ETH) option s are set to expire on Nov. 24, potentially influencing market dynamics. This comes in the wake of the U.S. DOJ’s recent criminal charges against the Binance and its hefty $4.3 billion fine.  Specifically, about 108,000 BTC options are nearing their expiration date. These options carry a Put Call Ratio of 0.83, indicating a slightly higher inclination towards call options (betting on price increase) than put options (betting on price decrease). The ‘max pain point’ for these options is $33,000, which is the price level where the collective holders of the options contracts would experience the most financial loss. The total notional value of these BTC options is a staggering $4.04 billion. 24 Nov Options Data 108k BTC options are about to expire with a Put Call Ratio of 0.83, a max...

The total amount of liquidations on the crypto market over the past 24 hours exceeded $300 million. Most forcedly closed positions were in Bitcoin (BTC) and Ether (ETH). The sharp Bitcoin price collapse to $35,000 cost the traders $121 million. Market participants who opened long positions in Ethereum also suffered significant losses. The fall in the price of the second largest cryptocurrency by capitalization below $2,000 cost them $64.1 million. Market liquidations | Source: Coinglass The leader in liquidations among altcoins was the native token of the Solana blockchain: due to SOL, traders suffered losses of $13.03 million. Crypto liquidations per particular tokens | Source: Coinglass Over 90% of liquidations were distributed between OKX, Bybit, and Binance. OKX executed the largest order. The exchange closed a long BTC/USDT for $9.45 million. Earlier, the price of Bitcoin fell sharply by more than 5% and tested the $35,000 mark. The release of data on the consumer ...