$BTC
Today, nearly $3 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are expiring, a significant event that could influence market dynamics.
Bitcoin (BTC):
Approximately 26,949 BTC contracts, valued at about $2.6 billion, are set to expire.
The put-to-call ratio stands at 1.01, indicating a slightly bearish sentiment.
The "maximum pain" point, where the most options expire worthless, is at $91,000.
Ethereum (ETH):
Around 184,296 ETH contracts, worth approximately $340.7 million, are expiring.
The put-to-call ratio is 0.92, suggesting a more bullish outlook.
The maximum pain point for ETH is $1,800.
Despite the bearish tilt in Bitcoin's options, the broader market sentiment remains optimistic. Analysts note strong call option activity above $95,000 for BTC, indicating expectations of further price increases. Ethereum has recently seen a significant rebound, with its price rising by over 20% in a single day to surpass $2,300.
These expirations can lead to increased volatility as traders adjust their positions. However, the prevailing bullish sentiment suggests that the market may absorb these expirations without significant disruptions.