The post $5.8 Billion in Bitcoin Options Set to Expire on September 27, Alongside $1.9 Billion in Ethereum Options appeared on BitcoinEthereumNews.com.

$5.8 Billion in Bitcoin Options Set to Expire on September 27, Alongside $1.9 Billion in Ethereum Options The cryptocurrency market is bracing for a major options expiration event on September 27, with a total of $5.8 billion worth of Bitcoin (BTC) options set to expire at 08:00 UTC, according to data from Deribit, a leading crypto options exchange. In addition to the significant BTC options expiry, $1.9 billion worth of Ethereum (ETH) options will also mature at the same time. These expiries could lead to increased volatility in the market as traders position themselves ahead of the expiration date, potentially influencing Bitcoin and Ethereum prices. The put/call ratio and max pain price provide further insight into where the market may settle as these options near maturity. Bitcoin Options Expiry: $5.8 Billion Set to Expire With $5.8 billion worth of BTC options set to expire on September 27, the put/call ratio for Bitcoin options stands at 0.64, indicating that there are more call options than put options open in the market. A put/call ratio below 1 suggests that traders are generally more bullish, as more call options are used when traders expect an asset’s price to rise, while put options are used when traders expect the price to fall. The max pain price for Bitcoin is currently at $59,000. The max pain price represents the price point where the most options holders will suffer financial losses at expiration. Essentially, it is the price at which the largest number of call and put options will expire out of the money, causing the most significant financial pain to traders. If Bitcoin’s price converges around this level, a large number of options traders could see their contracts expire worthless. As Bitcoin’s price currently hovers near the max pain price, the potential for market volatility…

---

Filed under: News - @ September 27, 2024 4:16 am