$1.35 Billion Worth of Bitcoin Options Expire Today

IconCryptoNewsTerminal Staff14 Jun, 2024

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$1.35 Billion Worth of Bitcoin Options Expire Today

$1.35B Worth of BTC Options Expire Today Crypto options exchange Deribit has $1.35 billion worth of Bitcoin (BTC) options set to expire today, June 14, at 10:00 UTC. The put/call ratio is 0.5, indicating a roughly equal number of bets on BTC rising or falling. The max pain price, the price at which the most options contracts lose money, is $68,500. Additionally, $700 million worth of Ethereum (ETH) options will also expire at the same time. The put/call ratio is 0.36, suggesting more bets on ETH rising. The max pain price for ETH options is $3,600. The expiration of these options could lead to increased volatility in the crypto markets as traders adjust their positions. Option expiration can cause significant price swings as market participants close positions or roll them over to the next month. The crypto market has been trading sideways in recent weeks, with Bitcoin hovering around $30,000. The expiration of these options could provide a catalyst for a breakout in either direction.

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