#$2.7 billion options expire#
Hot Topic Overview
Overview
A total of approximately $2.73 billion worth of Bitcoin and Ethereum options are set to expire on the 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 $6.39 billion with a put/call ratio of 0.31 and maximum pain at $3,200. Due to the difference in put/call ratios, Bitcoin may remain rangebound while Ethereum may favor bullish sentiment.
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, the notional value of expiring BTC options reaches $2.09 billion, with a Put Call Ratio of 0.95 and a maximum pain point of $96,000. The notional value of expiring ETH options reaches $639 million, with a Put Call Ratio of 0.31 and a maximum pain point of $3,200.As the BTC Put Call Ratio is close to 1, it indicates a relatively neutral market sentiment, suggesting that BTC will likely maintain its range-bound movement. On the other hand, the lower ETH Put Call Ratio indicates a stronger bullish sentiment, suggesting that ETH may experience an upward trend.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
$2.73 billion in BTC and ETH options 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 the maximum pain point at $96,000, indicating some bearish sentiment in the market towards BTC price movements.
The Put Call Ratio for ETH options is 0.31, with the maximum pain point at $3,200, indicating a more bullish sentiment in the market towards ETH price movements.
Option expiry may have some impact on the price movements of BTC and ETH, and it is necessary to pay attention to the market reaction.