Deribit Data: Over $3.5 Billion in BTC and ETH Options Expiring This Friday
On July 3, according to Deribit data, following last week's massive options expiration of over $17 billion, the market will face nearly $3.573 billion in BTC and ETH options expiring this Friday.
Current data shows that the total open interest in BTC options this Friday is 27,328 contracts. Among them, the open interest in call options is 13,596 contracts, the open interest in put options is 13,732 contracts, and the put/call ratio is 1.01, corresponding to a nominal value of nearly $2.991 billion, with the maximum pain price at $106,000.
On the same day, the total open interest in Ethereum options is 224,879 contracts. Among them, the open interest in call options is 98,822 contracts, the open interest in put options is 126,057 contracts, and the put/call ratio is 1.28, corresponding to a nominal value of nearly $582 million, with the maximum pain price at $2,500.
Overall, the current trading of put options (bearish options) in BTC and ETH is significantly higher than that of call options (bullish options), indicating a short-term bearish expectation in the options market.
Additionally, according to Coingecko market data, the current market price of BTC is $109,648, with a 24-hour increase of 1.9%; the market price of ETH is $2,598, with a 24-hour increase of 6%.
In summary, the divergence trend between the BTC and ETH options market and spot prices may reflect that investors are more inclined to sell options for risk hedging or an overall bearish expectation before the options expire, which could also lead to significant market fluctuations before this cycle's options expiration.
Finally, will you develop corresponding risk response strategies by combining the current dynamics of the options market with the current market performance?
