tl;dr
The market is seeing the largest Bitcoin options expiry in history, with a total of $18 billion worth of Bitcoin and Ethereum options contracts expiring. This signifies increased expectations for profit and rising demand for risk hedging among traders. The expiring options have higher values, indica...
Exciting Developments in Crypto Options Market The market is witnessing the largest Bitcoin options expiry in history, with a total of $18 billion worth of Bitcoin and Ethereum options contracts expiring. This signifies increased expectations for profit and rising demand for risk hedging among traders.
The expiring Bitcoin options have a record-high value of $14.38 billion, indicating bullish expectations for Bitcoin, while Ethereum options have a value of $3.7 billion, reflecting growing bullish sentiment toward Ethereum.
Both Bitcoin and Ethereum are trading above their respective maximum pain prices, with BTC at $96,300 and ETH at $3,300, suggesting potential for market optimization heading into 2025.
According to data from Deribit, the Bitcoin options expiry includes 88,537 contracts, four times more than last week, while Ethereum options contracts totaling 796,021 are 4.5 times higher than the previous week.
Bitcoin's put-to-call (P/C) ratio of 0.69 and Ethereum's P/C ratio of 0.41 indicate increasing hedging sentiment for Bitcoin and growing bullish sentiment for Ethereum.
Market observers are closely watching this expiry to define the narrative heading into 2025, as the market anticipates exciting and unexpected developments for options traders and investors.