Bitcoin price is making a slow recovery after facing a sharp 16% correction. While some analysts blame a 9,000 BTC deposit at Binance, others focused on the hashrate drop caused by a coal mining accident in China. Regardless of the reason behind the $51,200 low, options market makers were forced to adjust their exposure. $1.55 billion in Bitcoin options are set to expire on April 23 and the recent BTC crash to $51,000 has given bears a $340 million advantage.
Market capitalization: $2.12T (+3.07%)
The BTC dominance: 48.87% (-2.4%)
Fear & Greed Index: 73 (Greed)
Aggregated Volume — $63.84B
Aggregated Open Interest — $16.97B