$1.05B Worth of BTC Options Expire Today, Ethereum Options Too

$1.05B Worth of BTC Options Expire Today, Ethereum Options Too

Today, a large number of Bitcoin and Ethereum options are set to expire, with a combined value of over $1.5 billion. This event is likely to have a significant impact on the prices of both cryptocurrencies. According to data from crypto options exchange Deribit, about $1.05 billion worth of Bitcoin options will expire today at 5:00 pm UTC. The put/call ratio is 0.72, which means that there are more bets on the price of Bitcoin going down than up. The max pain price, or the price at which the most options buyers will lose money, is $62,000. Separately, about $496 million worth of Ethereum options will also expire at the same time. The put/call ratio is 0.36, which means that there are more bets on the price of Ethereum going up than down. The max pain price is $3,350. The expiration of these options is likely to have a significant impact on the prices of both Bitcoin and Ethereum. If the price of Bitcoin falls below $62,000, many options buyers will lose money. This could lead to a sell-off in the Bitcoin market, which could drive the price down even further. Similarly, if the price of Ethereum falls below $3,350, many options buyers will lose money. This could lead to a sell-off in the Ethereum market, which could drive the price down even further. Options expiration is a significant event in the cryptocurrency market. It can have a major impact on the prices of cryptocurrencies, and it is important for traders to be aware of the potential risks and rewards involved.