#$2.7 billion options expire#
Hot Topic Overview
Overview
Deribit will see $2.73 billion in crypto options expire tomorrow, August 08:00 UTC, with Bitcoin options accounting for $2.09 billion in notional value and Ethereum options accounting for $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 options expiry is expected to have a significant impact on the market, especially as the put/call ratio divergence suggests a strong potential for Bitcoin to remain range-bound while Ethereum leans towards bullish sentiment.
Ace Hot Topic Analysis
Analysis
According to Deribit data, a total of approximately $2.73 billion in BTC and ETH options will 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 a maximum pain point of $96,000, indicating significant market uncertainty about the direction of BTC prices, potentially leading to a range-bound movement. Meanwhile, the Put Call Ratio for ETH options is 0.31, with a maximum pain point of $3,200, suggesting a relatively optimistic market outlook for ETH prices, possibly leaning towards a bullish bias.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
$2.73 billion in BTC and ETH options expire tomorrow, with $2.09 billion in BTC options and $639 million in ETH options.
The Put Call Ratio for BTC options is 0.95, with a maximum pain point of $96,000, indicating significant market uncertainty about BTC price movement.
The Put Call Ratio for ETH options is 0.31, with a maximum pain point of $3,200, indicating a more optimistic market outlook for ETH.
As the bearish/bullish ratio diverges, BTC may remain rangebound while ETH leans bullish.