First ETH Options Liquidation After the Spot Ethereum ETF Approval

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.