$2 Billion BTC and ETH Options Expire, Whats Next?
On April 5, 18,000 Bitcoin (BTC) and 270,000 Ethereum (ETH) options will expire. The notional value of the Bitcoin and Ethereum contracts is $1.2 billion and $890 million, respectively. Will this expiration trigger a volatility increase in the market and influence the price of the two largest cryptocurrencies by market capitalization? Bears Dominate the Crypto Options Market Its important to understand that crypto options allow traders to buy or sell an asset at a specific price on a particular date. This feature provides flexibility to the owner. Unlike futures, they are not obligated to buy or sell. As per the data from Greeks.live, Bitcoin‘s Put Call Ratio currently stands at 0.64. The maximum pain point for Bitcoin is $68,000, which means that this price could lead to significant financial losses for the largest number of holders. Similarly, Ethereum’s Put Call Ratio is 0.8, and its maximum pain point is $3,400. “The crypto market was weaker this week, with the $70,000 game ending in a short-sellers win, and selling calls being the most dominant trade of the week, with IVs across all major terms showing a significant decline,” analysts at Greeks.live sinulat ni. Magbasa pa: Isang Panimula sa Crypto Options Trading Bitcoins Put Call Ratio. Source: mga Griyego.mabuhay This