Today, $8.05 billion in Bitcoin and Ethereum options expire: impact on the market.💥
Today, approximately $8.05 billion in Bitcoin $BTC and Ethereum $ETH options expire, leading crypto market participants to prepare for volatility.
Traders and investors should pay special attention to today’s options expiration due to its volume and notional value, increasing the chances of potential influence on short-term trends.
However, the Put/Call ratios and pain points provide insights into what can be expected and potential market directions.
Outlook on Bitcoin and Ethereum options expiring today
The notional value of the Bitcoin options expiring today is $7.24 billion.
According to Deribit data, these 77,642 Bitcoin options that expire have a Put/Call ratio of 0.73.
This ratio suggests a prevalence of call options over put options.
The data also reveals that the pain point for these options that expire is $86,000.
In crypto options trading, the pain point is the price at which the asset will cause the greatest amount of financial loss to the holders.
In addition to Bitcoin options, 458,926 Ethereum options are scheduled to expire today.
These expiring options have a notional value of $808.3 million, a Put/Call ratio of 0.74, and a pain point of $1,900.
The number of Ethereum options expiring today was significantly higher than last week.
