Over $5 Billion in BTC and ETH Options Expiring Today

Over $5 billion in Bitcoin and Ethereum options are set to expire today on Deribit, with notable open interest at $100,000 and $120,000-$125,000 for Bitcoin and $3,500 and $4,200 for Ethereum.

The expiry could influence market volatility as traders adjust positions. Past expiries have historically led to short-term fluctuations, especially with concentrated open interest at critical price levels.

$5 Billion in Crypto Options Expiring on Deribit

Deribit confirmed that options worth over $5 billion will expire, with Bitcoin’s maximum pain point positioned around $108,000, and Ethereum’s near $3,800. Consequently, institutional traders are monitoring the market closely for potential swings. As Deribit Official Account stated, “Over $5 billion worth of Bitcoin and Ethereum options will expire tomorrow at 16:00 (UTC+8).”

The events are resulting in uncertainty for traders, particularly with Bitcoin’s put call ratio at 0.83 and Ethereum’s at 0.9, signaling mixed market sentiment. Market players are preparing for immediate repercussions following the closure of these options.

Reactions remain subdued from notable figures such as Arthur Hayes and CZ, who have yet to comment publicly. The market has witnessed no significant stance changes from prominent cryptocurrency leaders at this time.

Trading Outlook: Volatility and Market Impact

Did you know? Historically, such large-scale options expirations, like today’s, have resulted in increased market volatility, often influencing subsequent pricing trends significantly.

Bitcoin’s current price is $100,894.45, with a market capitalization of $2.01 trillion. CoinMarketCap data reveals a decline of 2.07% over 24 hours, and a month-over-month drop of 17.61%. 24-hour trading volume has changed by 20.84%, highlighting active market engagement.

The Coincu research team suggests cautious engagement due to potential significant price fluctuations following the options expiry. As Bitcoin’s market dominance is at 59.71%, any post-expiry shifts could echo across other cryptocurrencies, prompting regulatory outlooks to assess the broader impact.