First ETH Options Liquidation After the Spot Ethereum ETF Approval
Friday, 24 May 2024, 05:42
First ETH Options Liquidation After the Spot Ethereum ETF Approval
The crypto market is about to witness the expiration of over $1.33 billion worth of Ethereum options, following the recent approval of spot Ethereum exchange-traded funds (ETFs) in the United States. The notional value of the expiring contracts is $1.33 billion, with a prevailing put-to-call ratio of 0.57. The maximum pain point for these contracts is $3,200.
ETH Options Expiration
- Data from Deribit shows a put-to-call ratio of 0.57
- The maximum pain point for expiring contracts is $3,200
Despite the anticipation surrounding these liquidations, ETH's price has remained stable in the past 24 hours, trading at $3,806.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.