• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin and Ethereum Options Expiry Worth $7.7 Billion May Cause Volatility

user avatar

by Giorgi Kostiuk

2 years ago

Today marks the expiry of Bitcoin and Ethereum options worth $7.7 billion, stirring tension in the cryptocurrency market.

General Information

The expiry of Bitcoin and Ethereum options coincides with current trends in the cryptocurrency market. This event could lead to significant volatility in the prices of both cryptocurrencies.

Bitcoin Options Expiry

According to Deribit data, the current total open interest in Bitcoin (BTC) options is at 89,005 contracts, with over 60% (54,090) accounting for Call options and 34,915 for Put options. The total notional value for today's Bitcoin options market is $5.82 million. The max pain price for Bitcoin is $59,000, which is expected to show higher volatility in US trading sessions.

BTC Options Expiry (27 September) – detibit.comCITE_NA

Ethereum Options Expiry

According to Deribit data, today marks one of the biggest expirations for Ethereum options with a notional value of $1.91 billion. The Put/Call ratio is 0.46, with the total open interest in ETH options at 716,917 contracts and the max pain price at $2,550.

ETH Options Expiry (27 September) – DetibitCITE_NA

The expiry of options worth over $7.7 billion could significantly impact the cryptocurrency market, causing considerable volatility in Bitcoin and Ethereum prices. As the weekend approaches, watching the market carefully becomes especially important.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

BitMine Reports Significant Losses Amid ETH Price Decline

chest

BitMine Immersion Technologies reported a net loss of $3.8 billion for the three-month period ending February 28, primarily due to unrealized losses on Ethereum holdings.

user avatarMaria Fernandez

BitMine Chairman Optimistic About Crypto Market Recovery

chest

Tom Lee, the Chairman of BitMine Immersion Technologies, expresses optimism about the end of the crypto winter, suggesting the market may recover sooner than expected, with a focus on Ethereum as a wartime store of value.

user avatarDiego Alvarez

BitMine Immersion Technologies Makes Largest Weekly ETH Purchase

chest

BitMine Immersion Technologies has made its largest weekly purchase of Ethereum, acquiring 101,627 ETH valued at around $235 million.

user avatarKenji Takahashi

Crypto Analyst Predicts Bullish Outlook for Arbitrum

chest

Crypto analyst Crypto Patel predicts a bullish outlook for Arbitrum, suggesting it could reach 7,400 despite being down 96% from its all-time high.

user avatarGustavo Mendoza

Dogecoin Speculated to Join X's Payment Ecosystem Amid Price Challenges

chest

Speculation about Dogecoin's potential role in X's payment ecosystem has emerged, but its price remains around 0.09.

user avatarRajesh Kumar

Shiba Inu Achieves Major Burn Milestone Amidst Price Struggles

chest

Shiba Inu's network has achieved over 20,000 burn transactions, aiming to reduce its circulating supply. Despite this significant milestone, the price of Shiba Inu continues to trend downward.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.