The post $5.6 Billion in Bitcoin & Ethereum Options Expiring appeared first on Coinpedia Fintech News
This week is electrifying for the crypto markets, with Bitcoin (BTC) smashing through its previous all-time high to hit $126,198. But just as traders celebrate, the market braces for a storm, over $5.6 billion worth of Bitcoin and Ethereum options contracts are set to expire, making the largest expiries from the past weeks.
$4.6 Billion Bitcoin Options Expiry
According to Deribit, the world’s top crypto options exchange, Bitcoin leads with $4.6 billion in options contracts set to expire. There are about 384,483 open contracts.
The Put/Call ratio is 0.80, which means there are more bullish call options than bearish puts.
The “max pain” price, where most contracts could expire worthless, is $117,000, lower than Bitcoin’s current price of $121,743. BTC has dropped slightly in the last 24 hours, and its market cap is now $2.43 trillion.
$1B Ethereum Option Exp
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