Tomorrow marks a significant day for cryptocurrency options trading, with over $8 billion worth of BTC and ETH options set to expire. This activity comes amidst volatility in both assets.
Bitcoin (BTC) is currently hovering above its key resistance level, while Ethereum (ETH) has been experiencing price declines.
Deribit, a leading cryptocurrency options exchange, disclosed the impending expirations of more than $8 billion in BTC and ETH options on their platform. The total notional amount for Bitcoin options expected to expire is $7.2 billion, with a Put/Call Ratio of 0.73 and a Max Pain Point of $85,000.
Ethereum’s $801 million in expiring options will also be impacted by the same ratio of 0.73 and a Max Pain Point of $1,900.
Deribit has highlighted that Bitcoin is currently trading above its crucial Max Pain Point, while Ethereum is currently experiencing price drops. The options expiration data sheds light on the high-volume activity in the options market.
**Key Takeaways:**
• Over $8 Billion worth of crypto options will expire tomorrow.
• Bitcoin and Ethereum prices are showing signs of volatility.
• Deribit, a leading options exchange, has provided insights into these expirations.
• A significant number of traders may be positioning their trades ahead of the expiration deadlines.