- Over $2.2 billion in BTC and ETH options are set to expire today, with put/call ratios of 0.96 and 0.84, respectively, showing that there is a slight bullish sentiment in both markets.
- This week’s expiry is smaller than last Friday’s due to reduced market activity and fewer political headlines.
Bitcoin and Ethereum options contracts worth more than $2.2 billion are set to expire today. This expiration comes as the crypto market continues to struggle with global economic uncertainty.
The $2.5 billion in expiring options adds to market pressure, with traders uncertain about the future price movements of assets amid rising financial tensions.
This Week’s Bitcoin and Ethereum Options Expiry Overview
The total amount of Bitcoin options to expire is about 23,221, with a notional value of $1.966 billion, based on the data provided by Deribit.
Source: derbit.com
Based on the chart, the total call open interest stands at 11,869 contracts, and the total put open interest is 11,352 contracts, which makes up the total open interest of 23,221 contracts and a put/call ratio of 0.96. This shows that traders are more bullish than bearish.
The total notional value for these options is significant at $1,966,201,219.73, and the calculated max pain price is $82,000, representing the strike price where the greatest number of options contracts would expire and most traders would see losses.
Similarly, 177,130 Ethereum contracts will expire, with a total value of $279.789 million. There are 96,243 call options and 80,887 put options, putting the put/call ratio at 0.84.
Source: derbit.com
This shows that there is a slight bullish outlook, as there are more call options than puts. The total value of these options is $279.789 million, with a max pain price of $1,600, basically stating that this is the level where most contracts would expire and become worthless.
Overall, this week’s Friday expiration is less than last week’s, as the market was calmer this week, with fewer headlines from Trump, leading to a sudden drop in activity. With April and June positions almost at 25%, the general movements in the market may stay flat. Confidence is weak, and with this shift, chances of unexpected events are higher.
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