Bitcoin and Ethereum Options Reach Record Levels Amidst Market Optimism

Market optimism is evident in the recent surge of Bitcoin and Ethereum options expirations, according to data from Greeks.live. On August 15th, a significant number of BTC and ETH options saw their expiration, with total value exceeding $6 billion. The maximum pain point for Bitcoin options reached $118,000 with a nominal value of $4.6 billion, while Ethereum’s maximum pain point was set at $4,000 with a nominal value of $1.3 billion. These high-value expirations reflect the heightened market optimism surrounding both cryptocurrencies.