Deribit Data: Over $580 million in BTC and ETH options will expire tomorrow
According to official data from Deribit, on Friday (June 20th at 16:00 Beijing time), the market will face nearly $580 million in BTC and ETH options expiring.
As of Friday, the total open interest for Bitcoin is 5,269.7 contracts. Of these, the open interest for call options is 3,352.0 contracts, and the open interest for put options is 1,917.1 contracts, resulting in a put/call ratio of 0.57, corresponding to a nominal value of over $553 million, with a maximum pain price of $103,000.
For Ethereum, the total open interest is 11,301 contracts. Among these, the open interest for call options reaches 6,960.0 contracts, while the open interest for put options is 4,332.0 contracts, resulting in a put/call ratio of 0.62, corresponding to a nominal value of nearly $28.57 million, with a maximum pain price of $2,500.
Overall, the current trading of BTC and ETH call options (bullish options) is significantly higher than that of put options (bearish options), indicating a clear overall bullish expectation in the market.
Additionally, BTC options currently show a more balanced position distribution near the maximum pain point; whereas ETH options, dominated by call options, exhibit a more optimistic market outlook.
Finally, based on the performance of the options market, current market dynamics, and the impact of tensions in the Middle East, how would you adjust your investment strategy?
