Bitcoin and Ethereum Options Worth $3.39B Set to Expire Today

In Brief:

29,000 BTC options ($2.84B) and 164,000 ETH options ($550M) are set to expire today, with maximum pain points at $86,000 for BTC and $3,050 for ETH.

Bitcoin is nearing $100K, while ETH leads altcoin rebounds, driven by bullish market sentiment and ETF inflows.

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Today marks a significant day for the crypto derivatives market, as 29,000 Bitcoin (BTC) options and 164,000 Ethereum (ETH) options, with a combined notional value of $3.39 billion, are set to expire. Data from Greeks.live highlights key market dynamics as traders brace for potential volatility.

BTC and ETH Options Expiry Details

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The BTC options expiring today have a notional value of $2.84 billion, with a Put Call Ratio of 1.1 and a maximum pain point of $86,000. For ETH, the options expiring amount to $550 million, with a Put Call Ratio of 0.65 and a maximum pain point of $3,050. These figures reflect the market's expectations and positioning as Bitcoin continues its upward momentum.

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Bullish Market Sentiment Drives Optimism

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Adam, a researcher at Greeks.live, noted Bitcoin’s strong rally toward $100,000, with Ethereum leading altcoins in a broader market rebound. U.S. funds are reportedly flowing into ETFs, adding to the bullish sentiment. Approximately 8% of BTC and ETH positions are set to expire this week, and the surge in ETH prices has driven a significant increase in implied volatility (IV) for ETH main-term options. Meanwhile, BTC’s at-the-money IV remains relatively stable.

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The market remains optimistic, with the overall rally alleviating risks of a BTC pullback. Traders are closely watching the impact of today’s expiries on the spot market and the continued bullish momentum in crypto markets.

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