Bitcoin and Ethereum Options Expiry – Black Friday, Nov. 29
Tomorrow at 08:00 UTC, $9.42 billion in Bitcoin options and $1.47 billion in Ethereum options will expire, potentially influencing market volatility. Data from Deribit provides the following key details:
Bitcoin (BTC)
- Max Pain Price: $80,000 (price where most options buyers lose, and sellers profit the most).
- Calls Value (Bullish Bets): $5.15 billion
- Puts Value (Bearish Bets): $4.27 billion
- Put/Call Ratio: 0.83 (more bullish bets than bearish).
- In-The-Money (ITM) Options: $4.1 billion (73.4% are profitable calls).
- Out-of-The-Money (OTM) Options: $5.33 billion (92.7% are unprofitable puts).
Ethereum (ETH)
- Max Pain Price: $2,900
- Put/Call Ratio: 0.74 (stronger bullish sentiment compared to BTC).
Implications
1. Volatility Likely: Large expirations often trigger market swings as prices gravitate toward max pain levels ($80,000 for BTC and $2,900 for ETH).
2. Bullish Sentiment: Higher bullish (call) activity suggests optimism, but actual price movements will depend on market dynamics around expiration.
Traders should monitor closely, as tomorrow’s expiry could bring significant price action.
