Deribit Data: Nominal Value of Over $6.2 Billion BTC and ETH Options Expiring Tomorrow Afternoon
On August 14, news that tomorrow (16:00 Beijing time) the market will face the expiration of over $6.2 billion in BTC and ETH options.
According to Deribit's options data expiring this Friday, the total open interest for Bitcoin (BTC) options currently stands at 41,424 contracts, while Ethereum options have a total open interest of 258,263 contracts.
Among them, the open interest for Bitcoin call options is 21,077 contracts, while the open interest for put options is 20,347 contracts, with a put/call ratio of 0.97. The corresponding nominal value is nearly $5.046 billion, and the current maximum pain price for BTC is $118,000.
Meanwhile, the open interest for Ethereum call options is 128,177 contracts, and the open interest for put options is 130,086 contracts, with a put/call ratio of 1.01. The corresponding nominal value exceeds $1.229 billion, and the current maximum pain price for ETH is $3,950.
In summary, from the put/call ratio of the options market, current market participants generally have a bullish outlook on BTC options this Friday, while showing a generally bearish expectation for ETH options at the same time.
At the same time, current data shows that the concentrated trading zones for the expiration points of BTC and ETH options are around $120,000 and $4,000, respectively. If during this period, the spot price of the corresponding tokens approaches these areas, there may be potential risks of increased volatility.
Overall, investors can refer to the above data and combine it with relevant technical indicators from the spot market to assess whether adjustments to their investment strategies are necessary.
