$11 Billion in Bitcoin and Ethereum Options Set to Expire Today — Volatility Ahead!
It’s a Big Friday in the Cryptocurrency World, Worth Over $11 Billion Bitcoin (BTC) and Ethereum (ETH) Options expire today! All eyes are on today’s massive expiration event as the market rebounds from its recent plunge. Experts say this could change the situation in the short term, with the number of contracts likely to drive price changes.
9.48 billion Bitcoin options expire
Today, about 98,500 Bitcoin options contracts It is due to expire with a total value of $9.48 billion. This is a massive expiration event, more than three times larger than last week’s expiration event.
One important thing that traders focus on is the “biggest pain point,” which is the price at which most option holders will lose money. For Bitcoin, this is approximately $80,000. If Bitcoin stays above this price, it could help keep the market stable.
Currently, the maximum open interest in Bitcoin has reached $100,000, with $2 billion tied to this price. This shows that there is still a lot of interest in Bitcoin reaching $100,000, but it may face some resistance when trying to move towards that level.
But there’s a bigger expiry happening at the end of December that could be even more important.
Ethereum options expiry
In addition to Bitcoin, 412,000 Ethereum options The contract also expires today. The contracts are worth up to $1.47 billion, with a put/call ratio of 0.74, indicating that there are more bullish bets than bearish bets. The data also shows that the biggest pain point for Ethereum options is $2,900.
Some experts believe that Ethereum may continue to move higher, especially since its options market is showing more optimism compared to Bitcoin.
Combined with options expirations on Bitcoin, the total value of all these cryptocurrency options expiring today reaches an incredible $11 billion.
Current Cryptocurrency Market Analysis
With $11 billion worth of options contracts expiring today, we can expect some changes in the market. The total cryptocurrency market value has remained stable at around $3.32 trillion. Nearly a trillion dollars have poured into the cryptocurrency space since early November, indicating that investors remain very interested in the market.
Currently, Bitcoin is trading at Approximately $95,757showing signs of recovery, while Ethereum stabilized below $3,550. However, with so much money tied up in these expiring contracts, volatility could happen quickly.
