#$2.7 billion in options expire#

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Overview

Tomorrow, options worth approximately $2.73 billion for Bitcoin and Ethereum 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. With the put/call ratio diverging, Bitcoin may remain rangebound while Ethereum may lean bullish.

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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. Due to the divergent put/call ratios, Bitcoin is likely to remain range-bound, while Ethereum could be biased towards the upside. This suggests that Bitcoin may stay around its current price level after the options expire, while Ethereum could see a potential surge. It's important to note that this is only a prediction based on options data, and actual market movements may be influenced by numerous factors.

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$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.

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The Put Call Ratio for BTC options is 0.95, with the maximum pain point at $96,000, indicating a degree of bearish sentiment in the market towards BTC price movements.

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The Put Call Ratio for ETH options is 0.31, with the maximum pain point at $3,200, indicating that the market is more inclined to be bullish on ETH price movements.

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Option expiry may have an impact on the price movements of BTC and ETH, and it is necessary to pay attention to the market reaction.

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