Deribit Data: Nearly $4.8 Billion in BTC and ETH Options Expiring This Friday
On August 21, the market will see the expiration of BTC and ETH options with a total nominal value of nearly $4.8 billion this Friday (Beijing time tomorrow at 16:00). Among them, the nominal value of BTC options expiring is nearly $3.824 billion, and the nominal value of ETH options expiring exceeds $949 million.
According to the latest data from Deribit, the total number of open contracts for Bitcoin options expiring this Friday is 33,561, and the total number of open contracts for Ethereum options is 220,221.
Among them, the number of open contracts for BTC call options is 14,461, while the number of put options is 19,100, and the put/call ratio is 1.32. The corresponding nominal value is nearly $3.824 billion, and the current maximum pain price for BTC is $118,000;
For Ethereum, the number of open contracts for call options is 120,801, while the number of open contracts for put options is 99,420, with a put/call ratio of 0.82, corresponding to a nominal value exceeding $949 million, and the current maximum pain price for ETH is $4,250.
In summary, from the put/call ratio of the options market, current market participants generally have a bearish outlook on BTC options expiring this Friday, while there is a generally bullish expectation for ETH options expiring at the same time.
Additionally, the maximum concentrated strike price for bearish BTC options is centered around $110,000; for bullish ETH options, the maximum concentrated strike price is around $4,200. If during this period, the spot price of the corresponding tokens approaches these areas, there may be a potential risk of increased volatility.
Investors can refer to the above data and combine it with relevant technical indicators in the spot market to assess whether their investment strategies need to be adjusted.
