Deribit data: $2.991 billion BTC Options and $582 million ETH Options will expire this Friday.

According to Deribit data, following last week's massive options expiration of over 17 billion USD, this Friday the market will face the expiration of nearly 3.573 billion USD in BTC and ETH options.

Current data shows that the total open contract volume for BTC Options this Friday is 27,328 contracts. Among them, the open contract volume for call options is 13,596 contracts, while the open contract volume for put options is 13,732 contracts, with a put/call ratio of 1.01, corresponding to a notional value of nearly $2.991 billion, and the maximum pain price is $106,000.

On the same day, the total open interest of Ethereum Options was 224,879 contracts. Among them, the open interest of call options was 98,822 contracts, the open interest of put options was 126,057 contracts, and the put/call ratio was 1.28, corresponding to a nominal value of nearly 582 million USD, with a maximum pain price of 2,500 USD.

Overall, the current trading of BTC and ETH sell options (put options) is significantly higher than that of buy options (call options), indicating a short-term bearish expectation in the options market.

According to Coingecko market data, the current market price of BTC is 109,648 USD, with a 24-hour increase of 1.9%; the market price of ETH is 2,598 USD, with a 24-hour increase of 6%.

Overall, the divergence trend of the BTC and ETH options market from the spot prices may reflect that investors are more inclined to sell options for risk hedging or a general bearish outlook before the options expiration, and this behavior could also lead to significant market volatility before the expiration of this period's options.

Finally, will you develop your risk response strategy based on the performance of the options market and the current market performance?

#Deribit # Options expiration #比特币 # ETH