Deribit Data: $8 Billion in BTC and ETH Options Expiring This Friday
On April 24, according to official data from Deribit, the market will face nearly $8 billion in Bitcoin and Ethereum crypto options expiring this Friday (April 18, 16:00 Beijing time), with a total open interest exceeding 533,359 contracts.
Data shows that as of this Friday, the total open interest for Bitcoin is 77,621 contracts. Among them, the open interest for Bitcoin call options is 44,988 contracts, while the open interest for put options is 32,633 contracts, resulting in a put/call ratio of 0.73, with a total notional value of up to $7.176 billion.
As of now, the maximum pain price in the Bitcoin futures market is $85,000, while the spot market price for Bitcoin is around $92,385, leaving a gap of more than 8% from the current maximum pain price in the options market.
On the same day, the total open interest for Ethereum is 455,738 contracts. Among them, the open interest for call options is 262,834 contracts, while the open interest for put options is 192,904 contracts, resulting in a put/call ratio of 0.73, with a total notional value of nearly $794 million.
As of now, the maximum pain price in the Ethereum options market is $1,900, while the spot market price for Ethereum is around $1,740, also leaving a gap of more than 8% from the current maximum pain price in the options market.
In summary, the data indicates that the cryptocurrency market may experience a fierce battle between bulls and bears before the options expiration on Friday. Investors and traders need to remain highly alert to quickly respond and adjust strategies in the face of potential significant market fluctuations, effectively addressing possible risks and opportunities.
Do you think this options expiration will affect the spot market? Will you use this data as a reference and adjust your options and contract positions accordingly?
