- More than 2.2 billion dollars in BTC and ETH options should expire today, with puts of put / appeal of 0.96 and 0.84, respectively, showing that there is a slight bullish feeling on the two markets.
- This week’s expiration is smaller than last Friday due to the reduction of market activity and fewer political titles.
Bitcoin and Ethereum options worth more than 2.2 billion dollars are expected to expire today. This expiration comes as the cryptography market continues to combat global economic uncertainty.
The $ 2.5 billion in expired options add to market pressure, uncertain merchants of future price movements of assets in the midst of increasing financial tensions.
Bitcoin and Ethereum options this week
The total amount of Bitcoin options to expire is around 23,221, with a notional value of $ 1.966 billion, based on the data provided by Deribit.
Source: Derbit.com
On the basis of the graph, the total of the open interests of the appeal amounts to 11,869 contracts, and the total interest of the opening is 11,352 contracts, which represents the total open interest of 23,221 contracts and a Put / appeal ratio of 0.96. This shows that traders are more optimistic than Bearish.
The total notional value of these options is significant at $ 1,966,21,219.73, and the price of maximum pain calculated is $ 82,000, which represents the exercise price where the greatest number of options of options would expire and most merchants would see losses.
Similarly, 177,130 Ethereum contracts will expire, with a total value of 279.789 million dollars. There are 96,243 call options and 80,887 sales options, which puts the Put / Call report at 0.84.
Source: Derbit.com
This shows that there is a slight upward perspective, because there are more appeal options than installation. The total value of these options is 279.789 million dollars, with a maximum price of pain of $ 1,600, which essentially indicates that it is the level where most contracts would expire and become worthless.
Overall, the expiration of Friday this week is lower than that of last week, because the market was quieter this week, with fewer Trump titles, which led to a sudden drop in activity. With the April and June posts almost 25%, the general movements on the market can remain flat. Confidence is weak, and with this change, the chances of unexpected events are higher.
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