#$2.7 billion options expire#
Hot Topic Overview
Overview
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 maximum pain at $96,000; Ethereum options have a notional value of $639 million, with a put/call ratio of 0.31 and maximum pain at $3,200. Due to the differing put/call ratios, Bitcoin may remain range-bound while Ethereum may be biased towards the upside.
Ace Hot Topic Analysis
Analysis
According to Deribit data, a total of approximately $2.73 billion in Bitcoin and Ethereum options will expire tomorrow, with Bitcoin options representing $2.09 billion in notional value and Ethereum options representing $639 million. The put/call ratio for Bitcoin options is 0.95, with a maximum pain point of $96,000, while the put/call ratio for Ethereum options is 0.31, with a maximum pain point of $3,200. This suggests that there is relatively stronger bearish sentiment in Bitcoin options, while Ethereum options are exhibiting relatively stronger bullish sentiment. Due to the divergence in put/call ratios, the market anticipates Bitcoin to likely remain rangebound, while Ethereum might tend towards a bullish direction.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
$2.73 billion in BTC and ETH options will expire on the Deribit platform, with a notional value of $2.09 billion for BTC options and $0.639 billion for ETH options.
The Put Call Ratio for BTC options is 0.95, with a maximum pain point of $96,000, indicating a degree of bearish sentiment in the market regarding the direction of BTC prices.
The Put Call Ratio for ETH options is 0.31, with a maximum pain point of $3,200, indicating a degree of bullish sentiment in the market regarding the direction of ETH prices.
Option expiry could have an impact on the price direction of BTC and ETH, and market developments need to be closely monitored.