#$2.7 billion in options expire#
Hot Topic Overview
Overview
A total of $2.73 billion worth of Bitcoin and Ethereum options are set to expire on Deribit exchange tomorrow. Of this, Bitcoin options have a notional value of $2.09 billion, with a put/call ratio of 0.95 and maximum pain at $96,000; Ethereum options have a notional value of $639 million, with a put/call ratio of 0.31 and maximum pain at $3,200. Given the differences in put/call ratios, Bitcoin may remain range-bound, while Ethereum may be biased towards the upside.
Ace Hot Topic Analysis
Analysis
Tomorrow, approximately $2.73 billion worth of Bitcoin and Ethereum options will expire on the Deribit exchange. Of this, Bitcoin options have a notional value of $2.09 billion, with a put/call ratio of 0.95 and a maximum pain point of $96,000. Ethereum options have a notional value of $639 million, with a put/call ratio of 0.31 and a maximum pain point of $3,200. This means that if Bitcoin falls below $96,000, or Ethereum falls below $3,200, investors holding put options will realize the maximum profit. Due to the difference in put/call ratios, Bitcoin may remain range-bound while Ethereum may lean towards bullish.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
$2.73 billion worth of BTC and ETH options will expire tomorrow, of which BTC options have a notional value of $2.09 billion and ETH options have a notional value of $639 million.
The Put Call Ratio for BTC options is 0.95, with a maximum pain point of $96,000, indicating a certain degree of bearish sentiment in the market towards BTC price movements.
The Put Call Ratio for ETH options is 0.31, with a maximum pain point of $3,200, indicating a relatively bullish sentiment in the market towards ETH price movements.
Option expiry may have some impact on the price movements of BTC and ETH, and market reactions need to be monitored.