Will Markets Bounce Back After $2 Billion Crypto Options Expire? 📈

Bitcoin Options Expiry and Market Analysis

If you are involved in crypto trading, you may be interested in the upcoming Bitcoin options expiry event. This batch of BTC derivatives has a put/call ratio of 1.08. The bulls and bears are evenly matched, with a max pain point at $58,500. However, there is still significant open interest at the $100,000 strike price, indicating bullish sentiment among derivatives traders.

Today’s batch of BTC derivatives has a put/call ratio of 1.08.
Most losses will be made at the max pain point of $58,500.
There is around $800 million in open interest at the $100,000 strike price.
Derivatives traders remain bullish with open interest at strike prices above $65,000.

Analysis of Crypto Market Outlook

When looking at the broader crypto market, sentiment seems to be leaning towards caution. Total crypto capitalization has slightly decreased over the past 24 hours to $2.22 trillion. Bitcoin has struggled to break above $58,000, while Ethereum failed to surpass $3,200 and retraced below $3,100.

Total crypto capitalization stands at $2.22 trillion.
Bitcoin is finding it hard to push above $58,000.
Ethereum attempted $3,200 but fell back below $3,100.

Trader’s Insight

According to Greeks Live, crypto markets have shown modest recovery this week. Major term implied volatility has decreased significantly since March. Options sellers have taken advantage of the volatility, pushing major term implied volatilities lower.

Upcoming Options Expiry Data

Aside from Bitcoin options, there are also 157,000 Ethereum options set to expire, with a notional value of $490 million. These options have a put/call ratio of 0.37 and a max pain point at $3,100.

157,000 Ethereum options are due to expire with a notional value of $490 million.
These options have a put/call ratio of 0.37.
The max pain point for Ethereum options is $3,100.

Closing Thoughts on the Market

Overall, the crypto market appears to be in a state of indecision, with both bullish and bearish factors at play. Keep an eye on the options expiry data and market trends to make informed trading decisions.