$1.85 Billion in Bitcoin and Ethereum Options Expire Today Amid Mixed Market Sentiments

2024-7-12 05:26

Today, the crypto market anticipates the expiration of nearly $1.85 billion in Bitcoin (BTC) and Ethereum (ETH) options.

Market participants are closely monitoring these expirations, which could lead to increased volatility and price fluctuations.

Macroeconomic Factors and Options Expiry: How They Shape Crypto Prices

According to Deribit’s data, 23,832 Bitcoin contracts, worth approximately $1.37 billion, are set to expire today. This tranche is higher than last week’s figures, which were 18,339 contracts. These expiring contracts have a put-to-call ratio of 1.09, with a maximum pain point of $58,500.

Read more: An Introduction to Crypto Options Trading

Expiring Bitcoin Options. Source: Deribit

In the crypto options market, the maximum pain point represents the price level that inflicts the most financial discomfort on option holders. Meanwhile, the put-to-call ratio suggests a prevalence of purchase options (calls) over sales options (puts).

In addition to Bitcoin options, 156,792 Ethereum contracts will also expire today, holding a notional value of over $488.05 million. Ethereum’s put-to-call ratio is 0.38, with a maximum pain point of $3,100.

Expiring Ethereum Options. Source: Deribit

This week, the crypto market has been influenced by broader economic factors. On July 11, the Bureau of Labor Statistics (BLS) released the US Consumer Price Index (CPI) data, showing a 3% year-over-year (YoY) inflation rate for June. This figure was lower than market expectations.

Bitcoin briefly reached $59,000 during recent economic updates, while Ethereum was trading at $3,105, showing a slight increase. This positive development occurred despite market pressure from significant Bitcoin sell-offs by the German and US governments. Adam, an analyst at the crypto options tool Greeks.live, provided insight into the current sentiment in the crypto options market.

“The overall [implied volatility] IV level has rebounded significantly. If you choose a higher IV, you can open a sell order. The large amount of funds delivered in the quarter will smash the IV back at any time,” he wrote.

Read more: 9 Best Crypto Options Trading Platforms

Historically, sharp price movements from options expiration tend to be temporary, with markets stabilizing soon after. However, traders should remain careful in analyzing technical indicators and market sentiment to navigate this volatile period effectively.

The post $1.85 Billion in Bitcoin and Ethereum Options Expire Today Amid Mixed Market Sentiments appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 63218.01 (-0.24%)
Объем 24H $27.294b
Изменеия 24h: -0.57 %, 7d: 4.48 %
Cегодня L: $63013.65 - H: $64488.57
Капитализация $1249.116b Rank 1
Цена в час новости $ 57343.06 (10.25%)

options expire today ethereum market billion bitcoin

Источник: beincrypto.com

options expire → Результатов: 126


На рынке опционов ожидается экспирация 65 тысяч BTC, что приведет к неминуемой волатильности

Опционные контракты на биткоин общим объемом 65 000 BTC или $740 млн по текущему курсу подлежат экспирации в пятницу. Большая часть этих опционов (76% объема) принадлежит бирже Deribit. Big options expiry this Friday 28 Aug 2020! 65k BTC options will expire this Friday with a notional value of > USD 740 million which represents approx. […]

2020-8-28 12:52


Фото:

50% of Bitcoin CME Open Interest is Set to Expire Friday; What This Could Mean

The CME’s Bitcoin futures and options contracts have been seeing booming popularity in recent times This has led the open interest on the platform to rocket, with this growth being driven by an influx of institutional and professional traders to the market 50% of this open interest for both options and futures are set to expire on Friday, however, and this could lead traders to roll over their contracts to future months This could catalyze […]

2020-5-27 21:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Experts Predict DePIN, RWA Will Lead Crypto Adoption Wave

Vitalik Buterin calls for integrating DeFi with decentralized technologies. Stablecoins, RWAs, and DePin networks are poised to drive the next crypto adoption wave. The post Experts Predict DePIN, RWA Will Lead Crypto Adoption Wave appeared first on BeInCrypto.

8 Token Unlocks to Watch Next Week

Major token unlock events are scheduled next week for Optimism and other projects, releasing previously blocked tokens under fundraising terms. These events can lead to price volatility based on market conditions and investor reactions.