Over 4.8 billion USD in cryptocurrency options will expire tomorrow at 4:00 PM Beijing time.
Among them, Bitcoin options account for the majority with 3.83 billion USD in notional value, a put/call ratio of 1.31, and a maximum price of 118,000 USD. Ethereum options have a value of 948 million USD, a put/call ratio of 0.82, and a maximum price of 4,250 USD.
MAIN CONTENT
The total value of expiring cryptocurrency options exceeds 4.8 billion USD.
Bitcoin options account for 3.83 billion USD with a high put/call ratio.
Ethereum options are valued at nearly 1 billion USD with a lower put/call ratio than Bitcoin.
What are cryptocurrency options and why is the high expiration value noteworthy?
Options are derivative products that allow investors to buy or sell cryptocurrencies at a predetermined price in the future. A high expiration value indicates strong interest and liquidity in the cryptocurrency options market.
Having over 4.8 billion USD in options expiring in a session indicates a concentration of trading among institutions and large investors, creating price adjustment pressure in the spot market.
What does detailed information about expiring Bitcoin options mean?
According to official data from the Deribit exchange, Bitcoin options have a notional value of up to 3.83 billion USD, with a put/call ratio of 1.31 and a maximum price according to options at 118,000 USD.
A put/call ratio above 1 indicates that sellers expect a downtrend or are highly cautious with Bitcoin. The maximum price of 118,000 USD also reflects a potential price increase scenario assessed by the options market.
The high value of expiring Bitcoin options indicates strong concentration among whales and institutions in protecting positions or betting on significant price volatility.
Financial analyst, 2024
Analysis of expiring Ethereum options and their market impact?
For Ethereum, options have a notional value of 948 million USD with a put/call ratio of 0.82 and a maximum price of 4,250 USD, indicating that the ETH options market remains very active.
A put/call ratio below 1 indicates a trend leaning towards buying or expectations of price increases. The maximum option price reflects expectations that Ethereum's price may rise higher than the current level over the relevant term.
How do expiring options affect cryptocurrency price volatility?
Options expiration sessions are often accompanied by strong position adjustment activities, thereby increasing volatility in the spot market. Large capital movements can create sharp price fluctuations in the short term.
Investors and traders should pay attention to put/call ratios and high strike prices to forecast market sentiment and prepare appropriate risk management strategies.
Frequently asked questions
What are cryptocurrency options?
Cryptocurrency options allow buying or selling assets at a predetermined price in the future, helping to manage risk or speculate on price volatility.
What does the put/call ratio indicate in options?
This ratio compares the number of put options and call options, used to assess market sentiment for declines or increases.
How do options expiration sessions affect cryptocurrency prices?
Often causing strong volatility due to position adjustment trades, investors need to be cautious about risks during this session.
Where is the options information sourced from to analyze the market?
Data is often sourced from reputable options exchanges like Deribit to ensure reliability and accuracy.
What does the maximum price of an option mean?
This is the highest expected price that the options market anticipates, reflecting a potential price increase scenario.
Source: https://tintucbitcoin.com/bitcoin-ethereum-options-48-ty-usd-dao-han/
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