Deribit Data: Over $2.5 billion in BTC and ETH options will expire this Friday, and the crypto market may face a short-term surge in volatility!
On April 10, Deribit exchange released an official announcement, indicating that a massive wave of cryptocurrency options expiration is approaching.
According to official data from Deribit, this Friday (April 11 at 16:00 Beijing time), the market will face over $2.52 billion in cryptocurrency options expiration.
Among them, the open interest for Bitcoin call options reached 14,253 contracts, while the open interest for put options was 13,364 contracts, corresponding to a call/put ratio of 0.94, with a notional value of up to $2.25 billion and a max pain price of $82,000, suggesting that significant volatility may exist at this price level.
On the same day, the open interest for Ethereum call options reached 88,306 contracts, while the open interest for put options was 80,805 contracts, corresponding to a call/put ratio of 0.92, with a notional value of nearly $270 million and a max pain price of $1,750.
Market observers believe that with the upcoming options expiration wave at Deribit exchange this Friday, the cryptocurrency market may experience a new round of volatility.
Therefore, investors and traders need to remain vigilant and closely monitor market dynamics to respond quickly when necessary.
What impact do you think this options expiration will have on the cryptocurrency market? Will you adjust your options positions?
