Bitcoin Options Market Faces Smallest Expiry of Year – But It Could Still Drive Volatility
"Max pain" for the May expiry is $50,000.
Bitcoin tests $40K following positive comments from Tesla's CEO Elon Musk and hedge fund manager Paul Tudor Jones.
Bitcoin option's smile shows persistent fears of deeper drop and low expectations for a quick rally.
The U.S. central bank also increased estimates of coming inflation to 3% from the 2.2% projection in March, largely due to transitory factors.
The long-term bullish bet is akin to buying a lottery ticket.
The options market is flashing signs of concern about an extended price sell-off.