#$2.7 billion in options expire#
Hot Topic Overview
Overview
Bitcoin and Ethereum options worth an estimated $2.73 billion are set to expire on Deribit exchange 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 is likely to remain range-bound, while Ethereum might be biased towards the upside.
Ace Hot Topic Analysis
Analysis
USD 2.73 billion worth of crypto options are set to expire on the Deribit exchange, with Bitcoin options representing USD 2.09 billion and Ethereum options USD 639 million in notional value. The put-to-call ratio for Bitcoin options stands at 0.95, with the maximum pain point at USD 96,000, indicating some degree of bearish sentiment in the market. In contrast, the put-to-call ratio for Ethereum options is only 0.31, with the maximum pain point at USD 3,200, suggesting a more bullish outlook for Ethereum prices. This option expiry event will have a significant impact on the market, especially given the divergence in put-to-call ratios, with Bitcoin's ability to maintain a steady range and Ethereum's potential for bullish movement being noteworthy.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
$2.73 billion in BTC and ETH options 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 a strong bearish sentiment in the market for BTC.
The put call ratio for ETH options is 0.31, with a maximum pain point of $3,200, indicating a strong bullish sentiment in the market for ETH.
Due to the divergence in put/call ratios, BTC may remain range-bound, while ETH leans bullish.