PANews August 25 news, according to Deribit's official news, this Friday will see the expiration of Bitcoin and Ethereum options with a nominal value totaling approximately $15 billion. Among them, the nominal value of Bitcoin options reaches $11.66 billion, with a Put/Call ratio of 0.88, and the maximum pain price is $116,000. A significant proportion of the open positions are bearish options concentrated in the $110,000 to $115,000 range, while bullish options are distributed at higher price levels, leading to a wider overall position distribution. The nominal value of Ethereum options is $3.08 billion, with a Put/Call ratio of 0.74, and the maximum pain price is $3,800, showing a more balanced position with a clear open interest in higher strike bullish options, leaving room for upward options.
Deribit concluded that the expiration of Bitcoin options indicates a continued demand for downside protection in the market, while Ethereum appears to be more neutral. Combined with the signals released by Powell at the Jackson Hole meeting, this options expiration may help set the tone for the September market.
