Deribit Data: Nominal Value of Over $15.5 Billion BTC and ETH Options Expiring This Friday
On July 24, the market will face over $15.5 billion in BTC and ETH options expiring this Friday (16:00 Beijing time).
According to the latest data from Deribit, the total open interest for Bitcoin (BTC) options on Friday reaches 108,175 contracts. Among them, the open interest for call options is 58,659 contracts, while put options amount to 49,516 contracts, resulting in a put/call ratio of 0.84. The corresponding nominal value of these contracts is nearly $12.818 billion, with the current maximum pain price for BTC at $111,000.
Meanwhile, the total open interest for Ethereum options is 747,413 contracts. The open interest for call options is 409,060 contracts, and for put options, it is 338,353 contracts, with a put/call ratio of 0.83, corresponding to a nominal value of $2.717 billion, and the current maximum pain price for ETH at $2,800.
In summary, from the put/call ratio in the options market, current market participants generally have a bullish expectation for BTC and ETH options in the short term.
With a large concentration of contract settlements on the options expiry date, it brings additional pressure and uncertainty to the market and intensifies market volatility. Therefore, investors need to prepare for risk hedging and prevention to cope with potential short-term price fluctuations.
What interesting signals have you observed in the current BTC and ETH options market? As an experienced player in the contract market, what risk response strategies would you adopt?
