Bitcoin & Ethereum $6 Billion Options Expiry: Price Impact | Airdrop Alert Pro

Today, about $5.79 billion in Bitcoin (BTC) and Ethereum (ETH) options will expire.

Market observers are particularly concerned about this event because it affects the potential of short-term trends through the quantity of contracts and their nominal value. Examining the ratio and maximum pain points of extraction can provide insights into traders’ expectations and possible market directions.

Insights on Bitcoin and Ethereum options that expire today

The nominal value of BTC options expired today is $4.68 billion. According to Deribit, the ratio of these 58,633 expired Bitcoin options is 0.71. This ratio indicates the generality of sales options (puts) for purchasing options (calls).

The data also show that the maximum pain point for these expiration options is $96,000. The biggest pain point is that the asset will result in the maximum amount of price Financial losses of the holder.

In addition to the Bitcoin option, there will be 527,277 Ethereum option contracts expiring today. These expiring options have a nominal value of $1.01 billion, with an estimated ratio of $0.52 and a maximum pain point of $3,000.

The number of options that expire today is significantly higher than last week. Beincrypto reports last week’s options expiration Total $2.04 billionincluding 16,561 BTC and 153,608 ETH contracts.

This notable difference is that the options that expire this week are for this month. It is worth noting that many institutional traders and funds are once a month rather than once a week. Additionally, large funds and market makers often roll or close their positions at the end of the month to adjust their portfolios.

Market makers and traders are also focused on monthly expirations as they Provide better liquidity Over time, they accumulate more open interest rather than expiring every week.

Before expiration, Options Trading Tool provider in Greek. Live shares its insights into the options market. It observed that overall market sentiment was mainly bearish and paid great attention to further downside potential.

“Overall Market Sentiment: The group is primarily bearish, with traders viewing $82,000 as a key support level, and the HTF (higher timeframe) trend must be maintained. There is concern about the ongoing shortcomings, with many members discussing a rapid decline of 17% in three days and debating whether recent sales are under control or indicate a wider market shift,” read Posts.

The meaning of today’s options is valid for BTC and ETH prices

In this context, some traders are reportedly repositioning the differences in call ratios to more defensive strategies. This move Based on the belief that after this reduction, Bitcoin price action may become unstable, It is possible to retest $88,000 before further direction is determined.

derivative explain Traders are doing more volatilityAfter Election Day, the hedged crypto prices fell to the last seen level. In US President Donald Trump’s tariffs Oppose Mexico, Canada, China and Europe.

As Beincrypto reported, Trump was surprised Announced EU tariffs Break Bitcoin and the wider cryptocurrency market. Still to be seen How Trump’s tariffs affect the potential of crypto and Bitcoin in the long run.

However, at present, the maximum pain price for Bitcoin and Ethereum is much higher than their respective market values. At the time of writing, Bitcoin trades for $79,890and eth exchange Priced at $2,137 for both hands.

Since the maximum pain price is much higher than the spot price, this may incentivize option sellers to higher prices in Bitcoin and Ethereum that are closer to pain levels.

“As the end of this month approaches, BTC options traders should note: the maximum pain on February 28 is $98,000, with a nominal value of $5 billion. This means the highest open interest here is gathering here, incentivizing market makers to bring BTC close to this price. The volatility is expected to increase and potential price gravity towards this level. statement.