#2.7 billion options are set 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 in Bitcoin options have a put/call ratio of 0.95 and a maximum pain point of $96,000, while $639 million in Ethereum options have 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 leans bullish.
Ace Hot Topic Analysis
Analysis
According to Deribit data, approximately $2.73 billion worth of Bitcoin and Ethereum options will expire tomorrow, with Bitcoin options representing $2.09 billion and Ethereum options representing $639 million in notional value. The put-to-call ratio for Bitcoin options is 0.95, with a maximum pain point of $96,000, suggesting a degree of bearish sentiment in the market regarding the short-term price trajectory of Bitcoin. Meanwhile, the put-to-call ratio for Ethereum options is 0.31, with a maximum pain point of $3,200, indicating a relatively bullish outlook for Ethereum in the near term. This suggests that Bitcoin may remain range-bound while Ethereum could exhibit an upward bias as the put-to-call ratios diverge. Option expirations often bring market volatility, and investors should closely monitor market developments and proceed with caution.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
2.73 billion USD worth of BTC and ETH options are set to expire tomorrow, with BTC options having a nominal value of 2.09 billion USD and ETH options having a nominal value of 639 million USD.
The Put Call Ratio for BTC is 0.95, with a maximum pain point of 96,000 USD, while the Put Call Ratio for ETH is 0.31, with a maximum pain point of 3,200 USD.
The put-to-call ratio for BTC options is close to 1, indicating that there is a divergence of opinion in the market about the direction of the BTC price, while the put-to-call ratio for ETH options is lower, indicating that the market is more inclined towards a bullish outlook for the ETH price.
Option expiration may have some impact on the price of BTC and ETH, and market dynamics need to be closely monitored.