Today, Bitcoin BTCUSD and Ethereum options are expected to expire.
ETHUSD is worth nearly $3 billion, creating great expectations in the cryptocurrency market.
Cryptocurrency options expiration often results in significant price fluctuations, prompting traders and investors to closely monitor developments today.
$2.87 Billion in Bitcoin and Ethereum Options Expire
According to Deribit data, 23,481 Bitcoin contracts, with a notional value of nearly $2.29 billion, are expected to expire today. Bitcoin’s bid-to-call ratio is 1.11. The maximum pain point — the price at which the largest number of holders will lose money — is $97,000. Here, most contracts will expire worthless.