Hot Topic Ranking

Hot Score

Giant Whale Adds to ARC Position

$2.7 billion options expire

USDC burns 50 million tokens.

Binance withdraws $9.57 million in ETH

HK Securities Regulator Speeds Up Licensing

Trump Policies May Fuel Asset Tokenization

Binance User Survey 1st

Smart money trading profits 160,000.

a16z invests in AI legal assistant platform

Fidelity Cuts Fees for Bitcoin ETF

Wintermute market making DWAIN

Federal Employees Return to Office

MicroStrategy Adds Nearly 200,000 BTC to its Holdings

DOGE could rebound after the correction.

**Gray-scale Opens XRP Trust**

Related Currencies

#$2.7 billion in options are about to expire.#

Posts

Hot Topic Details

Hot Topic Overview

Ace Hot Topic Analysis

Public Sentiment · Discussion Word Cloud

Classic Views

Hot Topic Details

Hot Topic Overview

Overview

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. Due to the difference in put/call ratios, Bitcoin may remain range-bound while Ethereum could be more bullish.

Ace Hot Topic Analysis

Analysis

According to Deribit data, the total notional value of BTC and ETH options expiring tomorrow is approximately $2.73 billion. Of this, BTC 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. ETH 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 investors holding put options will realize maximum gains if the price of Bitcoin falls below $96,000, or if the price of Ethereum falls below $3,200. Currently, the put/call ratio for BTC is close to 1, indicating cautious market sentiment, while the put/call ratio for ETH is lower, suggesting stronger bullish sentiment towards Ethereum. Therefore, on the option expiry date, Bitcoin may remain range-bound, while Ethereum may tend to rise.

Related Currencies

Public Sentiment · Discussion Word Cloud

Public Sentiment

100%

Discussion Word Cloud

Classic Views

$2.73 billion in BTC and ETH options are set to expire tomorrow, with a notional value of $2.09 billion for BTC options and $639 million for ETH options.

The put call ratio for BTC options is 0.95, with a maximum pain point of $96,000, indicating a slight bearish sentiment in the market for BTC.

The put call ratio for ETH options is 0.31, with a maximum pain point of $3,200, indicating a stronger bullish sentiment in the market for ETH.

Option expiration may have some impact on the price of BTC and ETH, and market reaction should be monitored.