On June 13, over $3.5 billion in Bitcoin and Ethereum options expired amid rising volatility and geopolitical uncertainty.
Options Expiry Details
According to Greeks.live, 28,000 Bitcoin options expired with a Put Call Ratio of 0.9, a max pain point of $106,000, and a notional value of $2.93 billion. At the same time, 244,000 Ethereum options expired with a Put Call Ratio of 1.13, a max pain point of $2,650, and a total value of $620 million.
Volatility Metrics Indicate Limited Short-Term Momentum
Implied volatility (IV) for Bitcoin remains low, while Ethereum's IV has climbed, suggesting traders see more near-term movement potential in ETH. Realized volatility (RV) has declined sharply, leading to an elevated volatility risk premium (VRP) that remains at a relatively high level, signaling restrained market activity.
Technical Indicators Show Possible Trend Shift
Bitcoin is trading at $105,014, showing a 2.12% decline in the last 24 hours based on Coingecko data. Meanwhile, Ethereum is priced at $2,549.25, posting a 7% daily drop, although still up 2.85% over the week. Current price action suggests caution, especially after the expiry of major ETH option contracts.
The expiration of $3.5 billion in Bitcoin and Ethereum options during a period of geopolitical uncertainty adds pressure to the market. Traders are advised to exercise caution under the current market conditions.
