Deribit Data: Over $3.4 Billion in BTC and ETH Options Expiring This Afternoon
According to official data from Deribit, this Friday (May 23rd, 16:00 Beijing time), the market will face the expiry of nearly $3.4 billion in BTC and ETH options.
Currently, the open interest for Bitcoin call options is 11,453 contracts, and the open interest for put options is 13,966 contracts, corresponding to a put/call ratio of 1.22, with a nominal value reaching $2.836 billion and a maximum pain price of $104,000.
Meanwhile, the open interest for Ethereum call options has reached 89,16 contracts, and the open interest for put options is 112,337 contracts, corresponding to a put/call ratio of 1.26, with a nominal value of nearly $548 million and a maximum pain price of $2,450.
Overall, the current trading volume of put options (bearish options) for BTC and ETH is significantly higher than that of call options (bullish options), which may reflect market participants' strong expectations for a price decline in these two cryptocurrencies in the short term, or they may be using puts to hedge against potential market volatility risks.
In summary, as we approach the expiration date of Deribit exchange options this Friday, market volatility may increase, which could in turn affect the price trends of BTC and ETH.
Finally, do you think this options expiration will have an impact on the cryptocurrency market? Will you adjust your contract positions in advance based on the performance of the options market?
