$3 Billion Bitcoin & Ethereum Options Expire: Will Volatility Hit?
Today, more than $3 billion worth of Bitcoin and Ethereum options expire. It will see more than $2.5 billion worth of BTC and nearly $500 million in ETH contracts. How will the prices of the two assets react?
Expiration of these options will be conducted at 8:00 UTC on deribit, potentially inspiring volatility Cross-crypto market.
Bitcoin faces the biggest pain of $89,000, and now the choice is expiring
Today, on March 7, 29,005 Bitcoin contracts, with a nominal value of $2.54 billion, are about to expire. According to deribit data, the plat-call ratio of Bitcoin is 0.67. The maximum pain point (the price at which the asset will cause the financial loss to the largest holder) is $89,000.
In addition, Ethereum saw the expiration of 223,395 contracts with a nominal value of $481.9 million. The maximum pain point for these contracts is $2,300 and the callable ratio is 0.72.
Maximum pain point Crypto options market Represents the price level that brings the greatest financial discomfort to option holders. Meanwhile, the ratio of the SPS ratio of Bitcoin and Ethereum is less than 1, indicating that the purchase option (call) is higher than the sales option (puts).
Crypto option trading instrument Greek. Live provides insights into current market sentiment. They cite overall bearish market sentiment, and traders express frustration at extremes volatility and turbulent price action.
Bitcoin’s sharp intraday volatility, such as the recent $6,000 move, has led to what traders call a “two-way scam” condition. According to Greek analysts, this makes it difficult to establish clear directional trends.
“Most traders view the 87,000-89,000 range as a key resistance, and 82,000 people are called the nearest bottom despite significant differences in finding whether to find a sustainable bottom.” Write Greek.
Furthermore, this obvious skew reflects a broader pessimism that continues to support downside protection despite occasional up and down actions by traders. Analysts also observed that traders are adjusting their strategies in high volatility.
“In this environment, several traders are selling phones for the 89,000-90,000 range, with one of the traders reporting their phones being -260 percent.”
believe The market is currently in a liquidity-driven stage Has led to attention quick entries and exits. This cautious attitude is because long-term positions are still susceptible to sudden fluctuations. External macro factors, such as mobile Trade Policy and Tariff Announcementincreasing uncertainty.
As a result, many traders choose to stay on the field, waiting for a clearer signal before coming up with new positions.
“With the edge of the market, where do you think the price action will land? Above or below the maximum pain?” deribit Posing In a post on X (Twitter).
Nevertheless, traders must remember that expiration of options has a short-term impact on the price of the underlying asset. Typically, the market will return to its normal state soon, possibly even making up for a strong price bias.
Traders should remain vigilant and analyze technical indicators and market sentiment to effectively navigate potential volatility. At the same time, these developments were signed by US President Donald Trump Strategic Bitcoin Reserve Orders.
It is worth noting that there are no specific details for this order, and there are many questions that may be answered later. White House Crypto Summit.
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