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$2.85B BTC,ETH Options Expiring on Deribit May Spark Volatility

Coin WorldThursday, May 1, 2025 3:28 am ET

1min read

At 16:00 (UTC+8) tomorrow, a significant event is set to unfold in the cryptocurrency market as over $2.85 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are scheduled to expire on Deribit. This expiration includes BTC options with a notional value of $2.54 billion, an ETH options with a notional value of $316 million. The maximum pain price for BTC options is $90,000, with a Put/Call ratio of 0.95. For ETH options, the maximum pain price is $1,800, with a Put/Call ratio of 0.88.

The expiration of these options is a critical event for the cryptocurrency market, as it can significantly impact the price movements of BTC and ETH. The maximum pain price, which is the price at which the most options contracts will expire worthless, is a key indicator of market sentiment. A higher maximum pain price suggests that traders are more bullish on the asset, while a lower price indicates bearish sentiment. The Put/Call ratio, which measures the number of put options relative to call options, also provides insights into market sentiment. A ratio above 1 suggests that traders are more bearish, while a ratio below 1 indicates bullish sentiment.

Given the significant notional value of the expiring options, market participants are closely monitoring the situation. The expiration of these options could lead to increased volatility in the prices of BTC and ETH, as traders adjust their positions in response to the expiration. The maximum pain price and Put/Call ratio for both BTC and ETH options suggest that traders are relatively bullish on both assets, but the market could still experience significant price movements as the options expire.

In summary, the expiration of over $2.85 billion worth of BTC and ETH options on Deribit is a significant event for the cryptocurrency market. The maximum pain price and Put/Call ratio for both assets suggest that traders are relatively bullish, but the market could still experience increased volatility as the options expire. Market participants are closely monitoring the situation, and the outcome of the expiration could have significant implications for the prices of BTC and ETH.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.