What Are Bitcoin and Ethereum Before the $10 Billion Fill?

Bitcoin (BTC) and Ethereum (ETH), the two largest cryptocurrencies, are preparing for $10 billion worth of options expiration today.

Today at 11:00 Turkey time, Bitcoin worth $6.61 billion and Ethereum options worth $3.6 billion will expire.

The max pain point is $57,000 for Bitcoin options; For Ethereum options, it was $3,100. The put call ratio, which reflects the ratio between put and call options, is 0.50 in Bitcoin; It is at the level of 0.46 in Ethereum.

There may be fluctuations in the markets

According to data from Deribit, the largest derivatives exchange in the crypto industry, open Bitcoin (BTC) position worth a total of $16.3 billion; There is an open Ethereum (ETH) position worth $7.8 billion.

The total value of options expiring today accounts for more than 40% of open positions worth approximately $24.2 billion.

Expiring so many Bitcoin and Ethereum options in one day may cause fluctuations in the markets. How crypto markets will react to this remains to be seen.

What are the prices of Bitcoin and Ethereum?

According to CoinGecko data, there have been minor increases in Bitcoin and Ethereum prices in the last 24 hours.

During this period, Bitcoin price increased by 1.3% to $61,525, while Ethereum increased by 2.2% and reached $3,447.