Options with a nominal value of 42 billion USD in BTC and 1 billion USD in ETH will expire this Friday
According to CoinDesk, data shows that BTC and ETH options contracts with nominal values of $4.2 billion and $1 billion respectively will expire on Deribit this Friday. The maximum pain point for Bitcoin options is at $64,000, with a put/call ratio of 0.62, indicating a market sentiment leaning towards optimism. Ethereum is currently trading at around $2,600, exactly at its maximum pain price.
It's worth noting that over $682 million worth of BTC options (equivalent to 16.3% of the total $4.2 billion) will be "in-the-money" upon expiration, most of which are call options. A call option is considered in-the-money when its exercise price is lower than the current market price; while an in-the-money put option has an exercise price higher than the spot price.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BitMine increased its holdings by 102,259 ETH last week, bringing the total to over 3.967 million ETH.
Publicly listed company Marygold Companies launches oil Bitcoin strategy fund WTIB