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

Tomorrow Marks a Significant Event for Bitcoin and Ethereum: Expensive Options Set to Expire! Analysts Predict Potential Volatility

user avatar

by Giorgi Kostiuk

2 years ago


Despite the continuous fluctuations observed in Bitcoin and Ethereum, there is an upcoming expiration of three-month options contracts.

Tomorrow, a substantial amount of BTC and ETH options, totaling $15.2 billion, will reach maturity on Deribit, a prominent cryptocurrency options exchange.

This represents one of the largest expirations in stock market history, with most of the BTC and ETH options anticipated to end profitably by the end of Friday.

Luuk Strijers, the chief trading officer at Deribit, expressed his concerns to Coindesk regarding the situation. He suggested that the impending expiration of numerous options, most of which will be in the money, could lead to potential upward pressure or increased volatility in the market.

Furthermore, Bitcoin options valued at $3.9 billion and Ethereum options worth $5.7 billion are set to expire. These figures make up a significant portion of the total open interest within the three-month period.

Considering the recent surge in prices, analysts believe that the expiration of these profitable options might exert upward pressure or volatility on the respective assets.

Deribit's management noted that in the event of corrections following maturity, BTC and ETH are expected to move towards their maximum loss thresholds of $50,000 and $2,600, respectively. Despite historical corrections during previous bull markets, these cryptocurrencies aim to maintain their current upward momentum with minor downtrends.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Congress Proposes AI Kill Switch Legislation

chest

Congress members propose the AI Kill Switch Act to give the federal government authority to shut down AI models.

user avatarEmily Carter

Frax Governance Discusses Proposal for Early Redemptions from Locked Ethereum Pools

chest

Frax governance is discussing a proposal for early redemptions from locked Ethereum pools with a 4% penalty fee directed to the Frax treasury.

user avatarTomas Novak

Frax Governance Proposes Morpho Lending Market for bdUSD and frxUSD

chest

Frax governance is discussing a proposal to create a Morpho lending market for bdUSD and frxUSD to enhance stablecoin liquidity and borrowing demand.

user avatarKaterina Papadopoulou

EigenLayers Forum Engages in ELIP018 Proposal Discussion

chest

The EigenLayers forum is currently engaged in a debate over the draft proposal ELIP018, which introduces a framework known as RETIRE, aimed at providing a terminal exit route for restakers.

user avatarMaya Lundqvist

Uniswap Governance Explores Private Execution Path for Swaps

chest

Uniswap governance is discussing a proposal for an optional private execution path for swaps to enhance user privacy and reduce transaction information exposure.

user avatarLeo van der Veen

Kraken Introduces USDT0 Support on Tempo Network

chest

Kraken has introduced support for USDT0 deposits and withdrawals on the Tempo network, enhancing stablecoin liquidity movement.

user avatarLi Weicheng

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.