Deribit: $15 billion BTC and ETH options will expire on Friday

According to news from HashWorld, based on official news from Deribit, options contracts worth approximately $15 billion for Bitcoin and Ethereum will expire this Friday. The notional value of Bitcoin options is $11.66 billion, with a Put/Call ratio of 0.88 and a maximum pain price of $116,000. Put options are mainly distributed in the range of $110,000 to $115,000, while call options are at higher price levels, with a wide distribution of positions. The notional value of Ethereum options is $3.08 billion, with a Put/Call ratio of 0.74 and a maximum pain price of $3,800, with a relatively even distribution of holdings, showing a notable presence of call options at higher strike prices, leaving room for upward movement. Deribit summarizes that the expiration of Bitcoin options indicates a continued demand for downside protection in the market, while Ethereum appears neutral. In conjunction with the signals conveyed by Powell at the Jackson Hole meeting, this options expiration may help set the tone for the September market.