The post Bitcoin Options Expiry Could Signal Market Movement as $18 Billion Worth of Contracts Set to Expire appeared on BitcoinEthereumNews.com.

$18 billion in Bitcoin and Ethereum options contracts expire today, marking the largest expiry to date, indicating a significant market moment. With Bitcoin’s put/call ratio at 0.69 and Ethereum’s at 0.41, traders display a predominant sense of optimism about price movements. David Lawant from FalconX notes, “Demand for downside protection has been rising for a few weeks now,” highlighting trader sentiment. The final days of 2024 see a record $18 billion in Bitcoin and Ethereum options expiring, signaling potential market volatility and trader optimism. What Does the Record-High Crypto Options Value Indicate? According to data from Deribit, the Bitcoin options expiry today includes an astonishing 88,537 contracts, illustrating a **fourfold** increase compared to the previous week. Similarly, Ethereum options contracts are at 796,021, reflecting a **4.5 times** rise in volume, underscoring the heightened trading activity. The total value of expiring Bitcoin options has achieved a historic peak of $14.38 billion, with Ethereum’s options totaling $3.7 billion. This surge in expiring options value signals heightened expectations among traders concerning market movements and an increasing necessity for risk management strategies. For Bitcoin, expiring options have a maximum pain price set at $85,000 and a put-to-call (P/C) ratio of 0.69. A P/C ratio below **1** generally reflects bullish sentiment, as it suggests an increased purchase of call options. However, Bitcoin’s P/C ratio has shown an upward trend throughout the last quarter, possibly indicating a growing demand for hedging against market volatility. “Demand for downside protection has been rising for a few weeks now, perhaps partially fueled by players looking to protect their 2024 calendar year performance metrics,” commented David Lawant. He noted that the put/call ratio for December 27 options open interest has surged from **0.35** in October to over **0.70** currently. Conversely, Ethereum’s options contracts feature a maximum pain price of $3,000…

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Filed under: News - @ December 27, 2024 6:23 am