Crypto Market Watch: $4.8 Billion Bitcoin Options Expiry Expected to Impact Price Action

Around $4.8 billion in Bitcoin options contracts will expire on Friday, August 15th, with a significant volume exceeding last week’s. Analysts believe this expiry event may have a limited impact on spot markets which recently reached record highs for market capitalization. The ratio of put/call options is close to even at 0.90, suggesting that bulls and bears are equally matched heading into the expiry.