Ethereum
Cryptocurrency Market Awaits $1.85 Billion Options Expiration Today
Today, the cryptocurrency market is anticipating the expiration of nearly $1.85 billion worth of Bitcoin (BTC) and Ethereum (ETH) options.
Market participants are closely monitoring these expirations, which could lead to an increase volatility and price fluctuations.
Macroeconomic Factors and Options Expiration: How They Influence Cryptocurrency Prices
According to data from Deribit, 23,832 Bitcoin contracts, worth about $1.37 billion, are set to expire today. This tranche is higher than last week’s figureswhich were 18,339 contracts. These expiring contracts have a put/call ratio of 1.09, with a maximum pain point of $58,500.
Learn more: Introduction to Crypto Options Trading
Bitcoin options expired. Source: Derivative
In the crypto options market, the maximum pain point represents the price level that inflicts the most financial discomfort on option holders. At the same time, the put/call ratio suggests a prevalence of call options over put options.
In addition to Bitcoin options, 156,792 Ethereum contracts will also expire today, with a notional value of over $488.05 million. Ethereum’s put/call ratio is 0.38, with a maximum pain point of $3,100.
This week, the cryptocurrency market has been influenced by broader economic factorsOn July 11, the Bureau of Labor Statistics (BLS) released U.S. Consumer Price Index (CPI) data, showing a 3% year-over-year (YoY) increase. inflation interest rates for June. This figure is lower than market expectations.
Bitcoin briefly hit $59,000 In the latest economic updates, while Ethereum was trading at $3,105, showing a slight increase. This positive development occurred despite the market pressure exerted by Germans sell Bitcoin heavily and the US governments. Adam, an analyst at Greeks.live, a crypto options tool, gave an overview of the current sentiment in the crypto options market.
“All [implied volatility] The IV level has rebounded significantly. If you choose a higher IV, you can open a sell order. The large amount of funds delivered during the quarter will push the IV back at any time,” he said. wrote.
Learn more: 9 Best Crypto Options Trading Platforms
Historically, sharp price movements at options expiration tend to be temporary, with markets stabilizing shortly thereafter. However, traders should remain cautious analyze technical indicators and market sentiment to effectively navigate this volatile period.
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