On July 17, Deribit released data regarding the options expiration for Bitcoin and Ethereum, attracting investor attention against a backdrop of cryptocurrency growth.
Options Expiry Data for Bitcoin and Ethereum
Deribit announced that over $5.6 billion in Bitcoin and Ethereum options will expire on July 18 at 08:00 (UTC). Of this amount, $4.9 billion consists of Bitcoin options with a Put/Call Ratio of 0.69 and a Max Pain Point of $113,000. Ethereum options total $750 million with a Put/Call Ratio of 1.00 and a Max Pain Point of $2,900.
Bitcoin Price Trends
At the time of writing, Bitcoin is trading above $118,000. The asset saw an upward trend for the past week, reaching a new all-time high above $123,000 on July 14. The price support is attributed to the growing global interest and institutional investments in the asset.
Ethereum Price Trends
Ethereum is also showing positive performance, trading above $3,400 and increasing by over 4% in the last 24 hours. Key factors for its rise include institutional investments and ongoing inflows into ETH funds.
The overall state of the cryptocurrency market remains optimistic, highlighted by the growing interest in Bitcoin and Ethereum due to their current price surges.
