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Bitcoin and Ethereum options worth $8.12 billion expire today
Approximately $8.12 billion worth of options on Bitcoin (BTC) and Ethereum (ETH) will expire today.
Market observers are particularly attentive to this event due to its ability to influence short-term trends through the volume of contracts and their notional value. Examining put-to-call ratios and high tipping points can provide insight into trader expectations and possible market directions.
Insights into Bitcoin and Ethereum options expiring today
The notional value of BTC options expiring today is $4.65 billion. According to data from Deribit, these 261,390 expiring Bitcoin options have a put-to-call ratio of 0.6. This ratio suggests a prevalence of purchase (call) options over sales (put) options.
The data also reveals that the maximum critical point for these expiring options is $65,000. The maximum critical point is the price at which the asset will cause the greatest number of holders’ financial losses.
To know more: An introduction to crypto options trading
Bitcoin options expiring. Source: Deribit
In addition to Bitcoin options, 2,750,922 Ethereum options contracts will expire today. These expiring options have a notional value of $3.47 billion, a put-to-call ratio of 0.85, and a high critical point of $3,300.
The number of Ethereum options expiring today was significantly higher than last week. This was reported by BeInCrypto ETH options expired last week There were 352,861 contracts, with a notional value of $1.33 billion.
Ahead of the deadline, options trading tools provider Greeks.live shared its insights into the options market. He suggested it Market volatility is expected to remain lowmaking current conditions favorable for options trading with a lower implied volatility.
“There are fewer macro events this week, and that’s not the case influence the macromarket. The world of cryptocurrencies is dominated by ETH approval [exchange-traded funds] ETFs, but they are unlikely to go straight to listing and less volatility is expected. Volatility in the cryptocurrency market has decreased rapidly recently. [Implied Volatility] VI is declining rapidly and it is still worth keeping an eye on ETF funding and block data,” he said She said.
To know more: 9 Best Crypto Options Trading Platforms
While options expiration can cause sharp price movements, the impact is usually temporary. The market generally stabilizes the next day, offsetting the initial fluctuations. Traders should carefully analyze technical indicators and market sentiment before investing this unstable environment.
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