Bitcoin and Ethereum options expire today: $2 billion at stake and market watching
June 14th
Crypto Market Braces for Volatility as Approximately $2.06 Billion in Bitcoin Options
BTCUSD
and Ethereum
ETHUSD
will expire today.
How will expiring options affect market dynamics, with notable data points primarily highlighting the significant risks involved?
Key Insights into Bitcoin and Ethereum Options Expiry
Approximately 20,276 Bitcoin options contracts are scheduled to expire today. These contracts have a notional value of US$1.35 billion, with a put-to-call ratio of 0.49. In the context of crypto options trading, this relationship suggests a prevalence of call options over put options.
Bitcoin options that are expiring.
Beincrypto
These expiring Bitcoin options have a maximum pain point of $68,500. This represents the price level at which option holders will suffer the greatest financial losses, marking critical thresholds for market participants.
Additionally, 201,647 Ethereum contracts will expire at the same time. According to Deribit data, the notional value of these contracts is US$709.76 million, with a maximum pain point of US$3,600. The data also shows that the put-to-call ratio for these options is 0.36.
Ethereum options that are expiring.
Trader talks about the impact of US economic data
Adam, a macro researcher at options trading tool Greeks.Live, shared insights into the Bitcoin and Ethereum contracts expiring today. He emphasized above all the macroeconomic importance of the week.
“This week is a big week for the macroeconomy. Economic data is relatively favorable to the venture capital market. The US stock market rose significantly, but the crypto market performed poorly. Major currencies fell, across the board, and altcoins fell even more. There are fewer hot spots in the market recently, and the market is relatively calm,” he noted.
He further explained the volatility and possible strategic moves for traders.
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