#$2.7 billion options expire#
Hot Topic Overview
Overview
According to Deribit data, the notional value of BTC and ETH options expiring tomorrow totals approximately $2.73 billion. Of this, BTC options have a notional value of $2.09 billion, with a maximum pain point of $96,000 and a put/call ratio of 0.95; ETH options have a notional value of $639 million, with a maximum pain point of $3,200 and a put/call ratio of 0.31. As the put/call ratio diverges, BTC is likely to remain range-bound, while ETH is leaning towards bullish.
Ace Hot Topic Analysis
Analysis
Tomorrow, $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-to-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-to-call ratio of 0.31 and a maximum pain point of $3,200. Due to the divergence in the put-to-call ratio, Bitcoin may remain range-bound, while Ethereum is leaning towards a bullish outlook. This implies that the price of Bitcoin may fluctuate within a certain range, while the price of Ethereum may rise.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
$2.73 billion worth of BTC and ETH options are set to expire tomorrow, with BTC options having a notional value of $2.09 billion and ETH options having a notional value of $639 million.
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 regarding the direction of BTC prices.
The Put Call Ratio for ETH options is 0.31, with the maximum pain point at $3,200, indicating a relatively bullish sentiment in the market regarding the direction of ETH prices.
Option expiry could have some impact on the price movements of both BTC and ETH, and market reactions should be monitored.