Bitcoin and Ethereum Options Expiration: What You Need to Know
Today, the crypto market is abuzz as Bitcoin and Ethereum options worth a total of $1.96 billion are set to expire, potentially affecting the prices of these top cryptocurrencies. Here’s a breakdown of what you need to know about these options expirations:
Bitcoin Options Expiration Overview
Today, on June 21st, 2024, Bitcoin options with a notional value of $1.26 billion are scheduled to expire. Here are some key details:
– 19,668.60 contracts will expire
– Put-to-call ratio of 0.45
– Maximum pain point at $66,500
– Call options open interest: 13,552.40
– Put options open interest: 6,116.20
For tomorrow, June 22nd, 2024, Bitcoin options worth $93.77 million will expire. Key points for these contracts include:
– 1,457.20 contracts set to expire
– Put-to-call ratio of 1.29
– Maximum pain point at $65,500
– Call options open interest: 637.70
– Put options open interest: 819.50
Ethereum Options Expiration Analysis
Today, Ethereum options with a total notional value of $693.37 million will expire. Here’s a brief analysis of these expiring contracts:
– 197,068 contracts set to expire
– Put-to-call ratio of 0.30
– Maximum pain point at $3,500
Tomorrow, on June 22nd, 2024, Ethereum options worth $100.67 million are expiring. Key points for these contracts include:
– 28,908.00 contracts expiring
– Put-to-call ratio of 0.31
– Maximum pain point at $3,525
– Call options open interest: 22,099
– Put options open interest: 6,809
Bitcoin and Ethereum Market Expectations
As analysts observe an increase in forward options volume, particularly in block calls, here are some insights into Bitcoin and Ethereum market expectations:
– Implied volatility remains stable despite high realised volatility
– No major market movements expected before quarterly delivery
Current market data for Bitcoin and Ethereum as of the options expiration day:
– Bitcoin price at $64,215, with a 30-day change of -7.8% and a 7-day change of -4.0%
– Ethereum price at $3,485, with a 30-day change of -7.2% and a 7-day change of -1.2%
Market Analysis and Trading Volumes
Further insights into Bitcoin and Ethereum market analysis:
– Bitcoin has fluctuated between $66,748 and $64,215 this week
– 24-hour trading volume: $125.835 million
– Weekly peak volume: around $162.179 million
– Ethereum has ranged between $3,467 and $3,624 this week
– 24-hour trading volume: $11.693 million
– Weekly peak volume: around $28.152 million
While options expirations may lead to short-term market disruptions, they often result in market stabilisation as traders and investors adjust their positions accordingly.
Hot Take: Navigating Options Expirations
As a crypto enthusiast, you should closely monitor the impact of Bitcoin and Ethereum options expirations on the market. Stay informed about price movements and adapt your trading strategies accordingly to navigate these events successfully.
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