BTC and ETH Options Worth Billions Set for Expiry: Impact on Crypto Market

• Bitcoin and Ethereum options worth $1.4 billion and $1 billion respectively are set to expire soon, according to data from Greeks.live.
• The “max pain” point for Bitcoin options is estimated to be around $61,000, while for Ethereum options it stands at $3,000.
• The market has turned bearish due to massive Bitcoin exchange-traded fund outflows and the implied volatility of all major terms continues to decline.

Bitcoin and Ethereum options worth billions are set to expire, with the market turning bearish due to massive Bitcoin ETF outflows. This article explores the implications of these developments on the crypto market.

Bitcoin and Ethereum Options Expiry

According to data provided by Greeks.live, 23,000 Bitcoin options and 330,000 Ethereum options are close to expiring. The notional value of these Bitcoin and Ethereum options stands at $1.4 billion and $1 billion respectively. The put-call ratio for Bitcoin options is 0.49, while for Ethereum options it is 0.36.

“Max Pain” Point and Market Implications

The “max pain” point for Bitcoin options is estimated to be around $61,000, which means that this specific strike price has the biggest number of puts and calls. Market participants on both sides of the trade would face the biggest losses at this price level. The “max pain” poin... Read the full article for FREE at COINOTAG!