$1.5 Billion in Bitcoin and Ethereum Options Set to Expire Amid Market Stability

Bitcoin and Ethereum Options Market Faces Critical Expiry 

Data from Deribit reveals that over $1.12 billion worth of Bitcoin options are about to expire. These include 18,440 contracts, down from 24,383 last week. The current maximum pain point stands at $60,000. This term refers to the price level where the most options will expire worthless, leading to significant losses for option holders and minimal payouts for sellers. 

The put-to-call ratio for Bitcoin options remains steady at 0.83. This ratio measures the number of put options (bets on price declines) against call options (bets on price increases). A ratio below 1 suggests more bullish sentiment in the market, with more investors betting on price increases. 

Meanwhile, Ethereum options worth $378.39 million are also set to expire. This includes 141,410 contracts, a decrease from last week’s 183,821 contracts. The maximum pain point for Ethereum is currently $2,625, and the put-to-call ratio stands at 0.92. 

According to analysts at Greeks.live, the market has seen little reaction to this week’s major macroeconomic events. This has resulted in a decline in cryptocurrencies’ historical volatility and a gradual drop in volatility expectations for the options market. 

At the moment, Bitcoin is trading at $61,270, showing a slight increase of 0.7% in the last 24 hours. Ethereum has also risen by 2.1% and is close to reaching $2,700. 

Historically, options expirations often lead to sharp, temporary price movements. As traders prepare for potential shifts, this can create uncertainty and volatility. However, the market usually stabilizes soon after these expirations.