Big Bitcoin and Ethereum Options Expiry Could Shake the Market This Weekend‼️
Today, a huge batch of Bitcoin (BTC) and Ethereum (ETH) options worth a total of $4.11 billion is set to expire. Out of that, $3.5 billion is tied to Bitcoin, while $565 million belongs to Ethereum. This could lead to short-term price swings across the crypto market.
Currently, there are 33,972 open Bitcoin options contracts an increase from last week. Ethereum has 224,509 contracts open, though that number is slightly down from before.
One key thing to watch is the “max pain” level. This is the price at which the most options expire with no value, and it often acts like a magnet for prices during expiry. For Bitcoin, that level is at $105,000. The put-to-call ratio is 1.00, which means the market sentiment is balanced between bulls and bears.
Ethereum max pain is at $2,600. It has a put-to-call ratio of 0.69, showing more bullish sentiment traders are leaning more toward bets that the price will go up. Right now, ETH is trading below its max pain price, which adds to that optimistic view.
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