Bitcoin and Ethereum Options Worth Over $1 Billion Set to Expire Today

Bitcoin and Ethereum Options Worth Over $1 Billion Set to Expire Today

Bitcoin and Ethereum options worth over $1 billion are set to expire today, August 23rd, at 9:00 p.m. KST. According to crypto options exchange Deribit, $1.1 billion worth of Bitcoin options will expire, while $369 million worth of Ethereum options will also expire at the same time. The put/call ratio for Bitcoin options is 0.83, which means that there are more outstanding put options (bets that the price will go down) than call options (bets that the price will go up). This suggests that there is more bearish sentiment in the market. The max pain price for Bitcoin options is $60,000, which means that this is the price at which the most option buyers would lose their premium. The put/call ratio for Ethereum options is 0.93, which also indicates that there is more bearish sentiment in the market. The max pain price for Ethereum options is $2,625. The expiration of these options could have a significant impact on the price of Bitcoin and Ethereum. If a large number of put options expire in the money, it could put downward pressure on the price of Bitcoin. Conversely, if a large number of call options expire in the money, it could put upward pressure on the price. It is important to note that the options market is complex, and there are many factors that can affect the price of options. The information provided in this article is for informational purposes only and should not be considered investment advice.