#$2.7 billion in options are about to expire.#
Hot Topic Overview
Overview
Tomorrow, $2.73 billion worth of Bitcoin and Ethereum options will expire on the Deribit exchange. Of this, $2.09 billion worth of Bitcoin options have a put/call ratio of 0.95, with a maximum pain point of $96,000; Ethereum options have a notional value of $639 million, a put/call ratio of 0.31, and a maximum pain point of $3,200. This means that the market has a slightly bearish sentiment towards Bitcoin, while it is more bullish on Ethereum.
Ace Hot Topic Analysis
Analysis
Tomorrow, approximately $2.73 billion worth of Bitcoin and Ethereum options will expire on the Deribit exchange. Of this, $2.09 billion in Bitcoin options have a put/call ratio of 0.95 with a maximum pain point of $96,000; while $639 million in Ethereum options have a put/call ratio of 0.31 with a maximum pain point of $3,200. This means that if the price of Bitcoin is below $96,000 at the time of expiry tomorrow, sellers of put options will face the maximum loss, while buyers of put options will face the maximum loss if the price is above $96,000. The situation is similar for Ethereum, where sellers of put options will face the maximum loss if the price is below $3,200, while buyers of put options will face the maximum loss if the price is above $3,200. Due to the divergence in the put/call ratios, Bitcoin may remain range-bound, while Ethereum is skewed towards bullish sentiment.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
$2.73 billion in BTC and ETH options will expire tomorrow, with $2.09 billion in BTC options and $639 million in ETH options.
The Put Call Ratio for BTC options is 0.95, with the maximum pain point at $96,000, indicating some bearish sentiment in the market towards BTC price movement.
The Put Call Ratio for ETH options is 0.31, with the maximum pain point at $3,200, indicating that the market is more bullish on ETH price movement.
Option expiration could have some impact on the prices of BTC and ETH, and it is important to monitor the market reaction.