The volatility index of the deribit raised between 48 and 52, recently indicated bitcoin investor uncertainty after the decline in the cryptocurrency market.
Cryptocurrency prices fell ahead on 26 February, beyond the end of this week. Bitcoin (BTC) options will end on this Friday with a notable price of about 5 billion dollars. DeribitThere is a possibility of contributing to an increase in market volatility.
Options allow traders to buy or sell a property at a predetermined price within a fixed time frame, although they are not obliged to do so.
Recently, there has been adequate unrealistic loss for option investors due to bitcoin and cryptocurrency market slowdown. According to Deribit, 78%of termination of bitcoin options of an estimated $ 3.9 billion can be out of money, as most positions were set to high value levels.
However, option holders may try to influence the market to reduce losses, according to a cryptocurrency option exchange, according to the Povertrade. Poetrad said that the maximum pain level of bitcoin was $ 98,000, the press was above $ 13,000 at the time.
Max pain refers to the price on which the sellers make the most benefits, while buyers experience the most significant disadvantage.
Paurtred suggested that this price discrepancy may encourage the participants of the market to keep bitcoins near this level, in one Post On X.
However, traders with open interest can face a tough fight due to extreme fear in Crypto markets. Spot BTC exchange-traded funds were experienced over $ 1 billion in outflows, one of the largest single-day exit ever.
Meanwhile, the data of Intotheblock suggests that users deposited a $ 1.3 billion bitcoin on cryptocurrency exchanges, which increased the sale pressure and market uncertainty. Bitcoin declined by more than 4% a day, trading around $ 85,500 amid selling a broad market.
