Crypto Markets News: What $5 Billion in Expiring Options Means for Bitcoin and Ethereum

Thursday, 29 August 2024, 19:17

Crypto markets news highlights the expiration of $5.01 billion in options contracts for Bitcoin and Ethereum today. This significant expiration could dramatically affect short-term price action as the two key assets face recent declines. Traders are preparing for notable volatility.
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Crypto Markets News: What $5 Billion in Expiring Options Means for Bitcoin and Ethereum

High-Stakes Crypto Options Expirations: What Traders Should Watch Today

Today’s crypto markets news centers around a massive expiration of options contracts. This includes $3.67 billion in Bitcoin options and $1.36 billion in Ethereum options, marking a significant increase from last week. According to recent data, Bitcoin options expiration involves 61,793 contracts, compared to 18,440 contracts last week. Ethereum options total 538,872 contracts, up from 141,410 contracts the previous week.

Expiring Bitcoin Options

The expiring Bitcoin options have a maximum pain price of $61,000 and a put-to-call ratio of 0.59, indicating a generally bullish sentiment despite recent pullbacks. On the other hand, Ethereum's maximum pain price is $2,800 with a put-to-call ratio of 0.49, reflecting a similar outlook.

Market Sentiment Analysis

The maximum pain point is crucial for guiding market behavior, as it represents levels where options will expire worthless. The put-to-call ratios below 1 for both Bitcoin and Ethereum suggest optimism, with many traders betting on potential price increases. Analysts from Greeks.live note that while recent declines have influenced implied volatility (IV), the overall trend indicates a decrease in IV over time.


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.


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