Tomorrow at 08:00 UTC, over $2.85 billion in Bitcoin and Ethereum options are set to expire. The data is provided by Deribit and highlights current cryptocurrency pricing.
Bitcoin and Ethereum Options Expiry Data
According to Deribit, $2.54 billion in Bitcoin options will expire with a Put/Call Ratio of 0.95 and a Max Pain Point at $90,000. Additionally, $316 million in Ethereum options will expire with a Put/Call Ratio of 0.88 and a Max Pain Point at $1,800.
Bitcoin and Ethereum Trading
At the time of writing, Bitcoin is trading above $94,000 and Ethereum above $1,800. Bitcoin has recovered from a drop to $93,000 on April 30, with earlier prices exceeding $95,000. Ethereum has also seen a recovery after dropping to near $1,700.
Cryptocurrency Market Status
Despite the volatility in the market, Bitcoin maintains a price above $90,000. However, significant outflows from Bitcoin ETFs have been observed, totaling over $56 million. Meanwhile, Ethereum ETFs also reported minor outflows of $2.3 million.
The expiry of Bitcoin and Ethereum options introduces uncertainty in the market. The impact of these events will become apparent after trading concludes tomorrow.
