#$2.7 billion in options expire#
Hot Topic Overview
Overview
Tomorrow, approximately $2.73 billion worth of Bitcoin and Ethereum options are set to 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 at $96,000; Ethereum options have a notional value of $639 million, with a put/call ratio of 0.31 and a maximum pain point at $3,200. Due to the difference in put/call ratios, Bitcoin may see range-bound movement, while Ethereum could lean towards upside.
Ace Hot Topic Analysis
Analysis
Tomorrow, $2.73 billion worth of Bitcoin and Ethereum options are set to expire on Deribit exchange. Among them, 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 implies that Bitcoin options are exhibiting a more balanced bearish and bullish sentiment, while Ethereum options are leaning towards bullishness. Due to the diverging put/call ratios, Bitcoin may stay range-bound while Ethereum could potentially trend upwards.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
$2.73 billion worth of BTC and ETH options expire tomorrow, with $2.09 billion in nominal value 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 cautious market outlook on the BTC price.
The Put Call Ratio for ETH options is 0.31, with a maximum pain point of $3,200, indicating an optimistic market outlook on the ETH price.
With the divergence of the put/call ratio, BTC may remain range-bound, while ETH may be prone to bullish moves.