Nearly $5 billion in Bitcoin and Ethereum options will expire today, creating potential volatility ahead of the Federal Reserve's speech in Jackson Hole.
The open interest for Bitcoin options is $3.82 billion with the maximum pain point at $118,000, above its current price of $113,019, reflecting downside hedging.
The open interest for Ethereum options is $943 million, with the maximum pain point at $4,250, indicating a more balanced outlook and a cautious sense of optimism. #اخبار_الكريبتو_العاجلة
Promo#اقتصاد_رقمي #كريبتو_الانتخابات
New to the crypto world? Learn how to trade, deposit, and explore futures with the CoinEx Beginner's Guide. Start with CoinEx
Nearly $5 billion in Bitcoin and Ethereum options will expire
As markets prepare for the annual Jackson Hole meeting of the Federal Reserve (Fed), options worth nearly $5 billion in Bitcoin and Ethereum expire today.
y$XRP
Prepare this stage for potential volatility in Bitcoin (BTC) and Ethereum (ETH) markets as traders balance macro signals from the Federal Reserve with technical pressures from expiring contracts.
Bitcoin and Ethereum options worth $4.7 billion at stake
Data from Deribit shows that the open interest for Bitcoin options currently stands at 33,855 contracts, representing a notional value of $3.82 billion.
The put-call ratio (PCR) stands at 1.30, indicating a tendency to hedge against downside risk as traders seek protection.
The maximum pain point, which is the strike price at which option holders face the largest collective losses, stands at $118,000.
