As $1.86 billion in Bitcoin (BTC) and Ethereum (ETH) options approach expiration, the crypto markets are grappling with heightened volatility, spurred by lower-than-expected US Consumer Price Index (CPI) data.
With the markets reacting sharply to this economic indicator, traders are preparing for potential price swings as the deadline approaches.
What’s Next for Bitcoin and Ethereum Options Market Post-Expiry? Analysts Weigh In
According to Deribit, nearly $1.4 billion in Bitcoin options are set to expire, with a maximum pain point of $59,500. This batch of options includes 24,383 contracts, down from the previous week’s 31,615. The put-to-call ratio is 0.83, reflecting a slightly bearish market sentiment.
For Ethereum, $471.79 million in options are expiring, involving 183,821 contracts — a decrease from last week’s 206,626 contracts. The maximum pain point is $2,650, with a put-to-call ratio of 0.80, suggesting a cautious market outlook.
Read more: An Introduction to Crypto Options Trading
The “maximum pain point” in crypto options is crucial, representing the price level where option holders face the most significant financial discomfort. Additionally, the “put-to-call ratio” indicates a higher prevalence of purchase options (calls) over sales options (puts). Lower ratios indicate optimism and higher ones signal bearishness.
Analysts from Greeks.live have commented on the market conditions leading up to today’s expiration. They noted that the
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Author: Lynn Wang
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