#$2.7 Billion Options Set to Expire#
Hot Topic Overview
Overview
Tomorrow, $2.73 billion worth of Bitcoin and Ethereum options are set to expire on Deribit exchange. Among them, Bitcoin options have a total notional value of $2.09 billion, with a maximum pain point of $96,000 and a put/call ratio of 0.95. Ethereum options have a total notional value of $639 million, with a maximum pain point of $3,200 and a put/call ratio of 0.31. Due to the difference in put/call ratios, Bitcoin may remain range-bound, while Ethereum is leaning towards bullish.
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-to-call ratio for Bitcoin options is 0.95, with the maximum pain point at $96,000, while the put-to-call ratio for Ethereum options is 0.31, with the maximum pain point at $3,200. This suggests that there is slightly more bearish sentiment surrounding Bitcoin options than bullish sentiment, while Ethereum options are exhibiting a clear bullish bias. Therefore, the market is anticipating that Bitcoin may experience range-bound movement on the expiration date, while Ethereum may be inclined to trend upward.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
$2.73 billion in BTC and ETH options are set to expire tomorrow, with $2.09 billion in notional value for BTC options and $639 million for ETH options.
The Put Call Ratio for BTC options is 0.95, with a maximum pain point of $96,000, indicating significant uncertainty in the market about the direction of BTC prices.
The Put Call Ratio for ETH options is 0.31, with a maximum pain point of $3,200, indicating that the market is more optimistic about the direction of ETH prices.
As the put/call ratio diverges, BTC may remain range-bound, while ETH is skewed towards bullishness.