The crypto market is tense today. Bitcoin and Ethereum expiry is approaching, with $2.27 billion in options set to expire. This could cause major price swings.
The crypto market is getting ready for a big event today. $2.27 billion in Bitcoin and Ethereum options are set to expire. This could cause major price changes. Traders are preparing for sudden shifts that might affect their profits.
Bitcoin Dominates $2.27B Options Expiry
Out of the $2.27 billion in options expiring, Bitcoin (BTC) makes up most of it, with about $1.81 billion. Ethereum (ETH) options account for the other $459 million. Their expiration on major exchanges like Deribit is expected to have a big impact on market mood and price movements.
19K Bitcoin and 141K Ethereum Options Set to Expire: Bitcoin and Ethereum Expiry
Bitcoin and Ethereum holders are bracing for potential volatility as options contracts for both cryptocurrencies near expiration. According to Deribit data, 19,364 Bitcoin options will expire today. This is a bit lower than the 19,885 Bitcoin options that expired earlier this year. These expiring options have a put-to-call ratio of 0.65, suggesting that the market is still somewhat optimistic, even though Bitcoin has fallen from the $100,000 level.
Today, 141,185 Ethereum options are set to expire. This is much lower than the 205,724 options that expired earlier this year, showing that market conditions are changing. Ethereum’s options have a put-to-call ratio of 0.48, which points to a more neutral outlook. The maximum pain point for Ethereum is $3,450, while for Bitcoin, it’s $97,000.
BTC and ETH Prices Nearing Max Pain Levels
Bitcoin and Ethereum Expiry: As the expiration time gets closer Bitcoin and Ethereum prices are expected to move toward their maximum pain points. Right now, Bitcoin is trading at about $93,792, and Ethereum is at $3,258. The Max Pain theory says that prices usually go to levels where most options contracts become worthless.
Bitcoin and Ethereum Expiry: The market’s focus will likely shift toward these maximum pain points as “smart money” attempts to push the prices closer to the levels where the most options contracts will end in a loss for the holders. The pressure on Bitcoin and Ethereum may last until 08:00 UTC today, when Deribit settles the contracts. Expiring so many contracts could cause more market volatility. This may lead to a rough and unpredictable trading environment.
Potential for Increased Volatility After Expiry: Bitcoin and Ethereum Expiry
After the expiry of these options contracts, which will likely happen around 08:00 UTC, Bitcoin and Ethereum prices might experience a reduction in price pressure. Even after the settlement, the $2.27 billion in options expiring could still cause volatility. The large amount of capital in these options might lead to sudden price changes, especially if big players close their positions. This could affect traders and investors.
Bitcoin and Ethereum Expiry, Traders are trying to figure out what will happen after the expiry. Some believe the market might break out, while others think it could keep consolidating. Opinions are divided. Some analysts expect Bitcoin’s price to go up, while others worry it could drop if it falls below $92,000. The market sentiment is unclear, and experts are closely watching how Bitcoin and Ethereum react.
The upcoming $2.27 billion Bitcoin and Ethereum expiry is a key moment for the crypto market and could cause big price changes. As 19,000 Bitcoin and 141,000 Ethereum options near expiration, traders are preparing for potential swings that could affect market mood and trading plans. With BTC and ETH prices moving toward their maximum pain points, this event shows how options expiry can influence the market. Traders and investors will be watching closely for what happens after the expiry.
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