Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Bitcoin, Ethereum Options Worth $1.96 Billion Expire Today Amid Market Uncertainty

Bitcoin, Ethereum Options Worth $1.96 Billion Expire Today Amid Market Uncertainty

BeInCryptoBeInCrypto2024/06/21 03:31
By:BeInCrypto

Today, approximately $1.96 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire, creating significant anticipation in the crypto market.

Expiring crypto options could usually lead to notable price volatility . Therefore, traders and investors closely monitor the developments of today’s expiration.

Historical Trends Signal a Rebound as Crypto Options Near Expiry

Today’s expiring Bitcoin options have a notional value of $1.27 billion. These 19,712 expiring contracts have a put-to-call ratio of 0.46 and a maximum pain point of $66,500.

In the context of options trading, the maximum pain point represents the price level causing maximum financial pain to option holders. Meanwhile, the put-to-call ratio suggests a prevalence of purchase options (calls) over sales options (puts).

On the other hand, Ethereum has 197,068 contracts with a notional value of $693.37 million. These expiring contracts have a put-to-call ratio of 0.30 and a max pain point of $3,500.

Read more: An Introduction to Crypto Options Trading

Analysts at Greeks.Live noted an increase in forward options volume, especially in block calls. Despite high realized volatility (RV), the implied volatility (IV) has remained stable. This situation indicates no major market movement is expected before the quarterly delivery.

“The trend in the second quarter this year was weaker, aligning with historical experiences. The third quarter usually struggles, with the end of the quarter often marking the market rebound,” analysts at Greeks.Live stated .

Read more:   9 Best Crypto Options Trading Platforms

This week, Bitcoin fluctuated between $64,258 and $66,782, while Ethereum traded within the $3,387 to $3,632 range. At the time of writing, Bitcoin trades at $64,924, a 2.7% decrease over the past seven days. Ethereum trades at $3,526, marking a 1.5% increase.

While options expirations can cause temporary market disruptions , they typically lead to stabilization. Analysts’ recent insights highlight the historical patterns traders may consider when strategizing their positions. Ultimately, traders should remain vigilant, analyzing technical indicators and market sentiment to navigate the anticipated volatility effectively.

0

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Mars Morning News | ETH returns to $3,000, extreme fear sentiment has passed

The Federal Reserve's Beige Book shows little change in U.S. economic activity, with increasing divergence in the consumer market. JPMorgan predicts a Fed rate cut in December. Nasdaq has applied to increase the position limit for BlackRock's Bitcoin ETF options. ETH has returned to $3,000, signaling a recovery in market sentiment. Hyperliquid has sparked controversy due to a token symbol change. Binance faces a $1 billion terrorism-related lawsuit. Securitize has received EU approval to operate a tokenization trading system. The Tether CEO responded to S&P's credit rating downgrade. Large Bitcoin holders are increasing deposits to exchanges. Summary generated by Mars AI. The accuracy and completeness of this summary are still being iteratively improved by the Mars AI model.

MarsBit2025/11/30 21:01
Mars Morning News | ETH returns to $3,000, extreme fear sentiment has passed

The central bank sets a major tone on stablecoins for the first time—where will the market go next?

The People's Bank of China held a meeting to crack down on virtual currency trading and speculation, clearly defining stablecoins as a form of virtual currency with risks of illegal financial activities, and emphasized the continued prohibition of all virtual currency-related businesses.

MarsBit2025/11/30 21:01
The central bank sets a major tone on stablecoins for the first time—where will the market go next?