#$2.7 billion options expire#
Hot Topic Overview
Overview
Bitcoin and Ethereum options worth an estimated $2.73 billion are set to expire on Deribit tomorrow. 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 difference in put/call ratios, Bitcoin may remain range-bound while Ethereum could lean towards the upside.
Ace Hot Topic Analysis
Analysis
Tomorrow, $2.73 billion worth of Bitcoin and Ethereum options will expire on the Deribit exchange. Of this, $2.09 billion is in Bitcoin options, 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. This means that Bitcoin options have a more balanced put/call sentiment, while Ethereum options are leaning bullish. Due to the divergence in the put/call ratio, Bitcoin may remain range-bound, while Ethereum may be inclined to rise.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
$2.73 billion worth of BTC and ETH options expire tomorrow, with a notional value of $2.09 billion 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 a certain degree of bearish sentiment in the market for BTC price movements.
The Put Call Ratio for ETH options is 0.31, with a maximum pain point of $3,200, indicating a certain degree of bullish sentiment in the market for ETH price movements.
Due to the divergence of bearish/bullish ratios, BTC may remain range-bound, while ETH may be prone to bullishness.