Market Awaits $2.1 Billion BTC and ETH Options Expiry After US CPI Release
Friday, 17 May 2024, 05:52
How Does the Recent US Inflation Data Affect the Crypto Options Market?
The market braces for the expiration of $2.1 billion BTC and ETH options following the US CPI data release.
Expiring Bitcoin Options
- Total of approximately $1.18 million in 18,183 Bitcoin options contracts to expire.
- Deribit data reveals Bitcoin's put-to-call ratio of 0.62, with a maximum pain point at $63,000.
Expiring Ethereum Options
- Over 321,925 Ethereum contracts expiring today, with a notional value exceeding $940 million and a put-to-call ratio of 0.27.
Post-US inflation data, Bitcoin surged from $62,000 to $66,000, alongside notable gains in altcoins like Ethereum and Solana. Despite potential price fluctuations, the market is projected to stabilize post-expiry.
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.