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    08/21/20New boards added: /vrpg/, /vmg/, /vst/ and /vm/
    05/04/17New trial board added: /bant/ - International/Random
    10/04/16New board for 4chan Pass users: /vip/ - Very Important Posts
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    File: IMG_8469.jpg (105 KB, 640x960)
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    bull run starts tonight. lots of bitcoin options expire today at 4pm est.
    >>
    >>62837608
    what does that mean??
    >>
    built for bwc
    >>
    >>62837608
    hes cute.
    >>
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    >>62837608
    Girl is hot but I think you are wrong. Everyone gets eepy and takes time off in winter. Just chill until spring and enjoy the holidays.
    >>
    >>62837608
    now that's a real man
    >>
    >>62837638
    You're right, midterms are right around the corner.
    >>62837612
    Today's $11 billion Bitcoin options expiry at 4:00 PM EST on Deribit represents roughly one-third of the exchange’s total open contracts.
    While the headline figure is massive, the risk of a severe market crash or immediate breakout is dampened by the specific architecture of today's contracts.

    Key Metrics to Watch

    • Notional Value: $11 Billion (~135,000 BTC contracts).
    • Put-to-Call Ratio: 0.52 (Calls outnumber puts roughly 2-to-1, signaling broader long-term optimism).
    • Max Pain Point: $78,000 (The level at which the maximum number of options expire completely worthless).
    • Current Spot Range: Consolidating around the $79,500 – $81,500 window.

    Why the Immediate Impact May Be Muted

    • 86% "Out of the Money": The overwhelming majority of the $11 billion in face value consists of wildly optimistic calls sitting at the $95,000 and $100,000 strikes. Because Bitcoin is trading far below those levels, these contracts will simply expire completely worthless, requiring actual cash settlements of only about $130 million (1% of the headline figure).
    • The "Gamma Supply" Risk: The real risk lies in the immediate future. Historically, institutional options sellers immediately roll their expiring positions into new contracts, providing continuous liquidity ("gamma supply") that dampens major price movements.

    The Strategic Outlook

    Expect localized volatility around the 4:00 PM EST window as market makers rebalance their remaining delta hedges. However, the broader macroeconomic cliff edge sits just past today's expiry.
    With the US midterm elections on Tuesday, November 3, option sellers may hold off on writing new contracts over the weekend to avoid election-related turbulence. This temporary drop in liquidity could pave the way for much sharper, directional price swings early next week once the structural price floors from today's options vanish.
    >>
    >>62837678
    Deribit is the world’s largest and most dominant cryptocurrency options exchange, effectively acting as the "Chicago Board Options Exchange (CBOE)" of the crypto world.
    While everyday retail investors use platforms like Binance or Coinbase to buy and sell normal crypto, institutional hedge funds, market makers, and advanced traders go to Deribit to trade complex derivatives.

    3 Things to Know About Deribit

    • Monopolistic Market Share: Deribit controls roughly 85%+ of all Bitcoin and Ethereum options trading globally. When billions of dollars in crypto options expire, it almost always happens on Deribit.
    • Owned by Coinbase: In August 2025, the publicly traded U.S. exchange Coinbase acquired Deribit for $2.9 billion in cash and stock to build out its global institutional derivatives empire.
    • You Probably Can't Use It: Deribit is geared strictly toward professional traders and is headquartered in Dubai. Because of strict regulatory frameworks, Deribit does not allow U.S. residents on its platform.

    Why Haven't You Heard of Them?

    Deribit doesn't spend money on massive public sports stadiums or consumer marketing campaigns. Since 80% to 85% of their trading volume comes from institutions (like quantitative hedge funds and crypto market makers), they operate almost entirely behind the scenes.
    Even though you can't trade there if you live in the U.S., everyday crypto investors still watch Deribit's data closely because the massive trades happening there dictate where the price of Bitcoin moves on regular exchanges.
    Are you trying to figure out how to trade crypto options in the US, or are you just tracking how these institutional moves impact your regular spot crypto portfolio?
    >>
    >>62837619
    jews only fuck kids
    >>
    >>62837608
    Norkos are taking the biggest profit after stealing that amount of "unimpregnable" crypto.
    >>
    >>62837608
    sauce???!?!?
    >>
    ok 4pm so now what??
    >>
    >>62839347
    strap in for recovery.
    >>
    Post-Expiry Range & Support/Resistance Zones: With billions in options notional value and associated dealer gamma neutralized at settlement, immediate market liquidity has shifted closer to spot levels—with active support clusters around $75,000 to $78,000 and overhead resistance / short liquidation pools stacked from $80,000 up to $87,000–$88,000.

    Thinned Weekend & Pre-Election Environment: Options market-makers and institutional hedgers often roll or pause new multi-week positioning around major macro events (such as upcoming U.S. midterm elections), leading to reduced natural gamma buffering and lower weekend spot liquidity.

    tldr - chop until after elections are over
    >>
    >>62839376
    >>62839411
    some bull may push bitcoin to $88,000 to liquidate the new shorts
    >>
    >>62838719
    @underpants_2

    I have some other Asian whores in this cosplay I can post too. All webms
    >>
    >>62839509
    Well? Get to it.
    >>
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    >>62837608
    SEX WITH ASIAN WOMEN
    >>
    >>62839421
    Shut the fuck up nigger if we want ai's '''''OPINION''''' we can prompt it ourselves. Die in a fuckin fire. Enjoy playing with your crypto
    >>
    >>62837678
    >>62837696
    Damn brotha we don't need your claude summary
    >>
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    >>62839509
    Thanks, her twitter feed is very nice!
    >>
    >>62841083
    mcfucking kill yourself, nigger
    >>
    Only 2 days left before I leave for Tokyo. Walking around with a perpetual boner
    >>
    QNT recovering. Low supply + their Overledger architecture not holding the FIAT is the right choice.
    BTC
    bc1qtm4rep7kyp2p28hlkfktpnd0j7uew47vnt2mev
    LTC
    ltc1q9xlaysse0mpfwf025esd69kt9zu3md22gh23du
    ETH
    0x6abA18D203520c8F90ca63eE7426a7bC345D98e6
    SOL
    E5ekoiauCR8yiNp451dmuPzhUxo84P5x3m9WJBK5kxZe
    XRP
    r3jYXNdMk2Vz5hXhKCKE9re8uz93JQFG1r
    DOGE
    DSBq5jRWkiwmEh1G7zBwmQDgRkvRr61fmb
    XMR
    85CTwq5wGjWZw5GgzgwZPrHyZxpLXMK5oZSSSk5j4x9w1bpqzisaWAUZYaAPfh6rP2MZJcaFqF1XmEzkw6YCqJSS2Txu6Z8




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