Cryptocurrency platform Deribit is set to see the expiration of Bitcoin and Ethereum options on June 13, which may significantly impact the market. The total value of options will exceed $3.7 billion.
Data on Bitcoin and Ethereum Options Expiration
Deribit announced that on June 13 at 08:00 (UTC), options worth over $3.7 billion for BTC and ETH are set to expire.
Of this total, $3.04 billion is related to BTC options with a Put/Call ratio of 0.95 and a Max Pain point of $107,000. Meanwhile, ETH options total $687 million with a Put/Call ratio of 1.2 and a Max Pain point of $2,700.
Price Movements of Bitcoin and Ethereum
At the time of writing, BTC is trading above $107,000, down by 2% in the past 24 hours. After reaching $110,000 on June 11, following the release of US consumer price index data, BTC prices have been on a downward trajectory.
ETH is also in the red today, trading above $2,700, down by more than 4% after nearing $2,900 on June 11.
Institutional Interest in Cryptocurrencies
According to SoSoValue data, BTC ETFs recorded inflows exceeding $164 million for the third consecutive day, while the ETH ETF saw its largest inflow day since May 16, surpassing $240 million.
The cryptocurrency market maintains optimism despite recent price fluctuations and the impending options expiration, which could significantly impact trading activities.
