Massive $770 Million in BTC Options Set to Expire Today
CryptoNewsTerminal Staff05 Sep, 2024
Massive $770 Million in BTC Options Set to Expire Today
Today, Cryptocurrency options exchange Deribit has $769 million worth of bitcoin options set to expire on September 6 at 8:00 pm UTC. The max pain price, or the price at which the most options buyers lose money, is $59,000. With a put/call ratio of 0.82, the market sentiment seems balanced. Additionally, $300 million worth of ether options are also set to expire at the same time. Here, the put/call ratio is 0.63, and the max pain price is $2,500. These expirations could potentially ignite significant market volatility as traders close their positions or roll them over to future contracts. Keep a close eye on the market as these events unfold.
