Options with a nominal value of 42 billion USD in BTC and 1 billion USD in ETH will expire this Friday
According to CoinDesk, data shows that BTC and ETH options contracts with nominal values of $4.2 billion and $1 billion respectively will expire on Deribit this Friday. The maximum pain point for Bitcoin options is at $64,000, with a put/call ratio of 0.62, indicating a market sentiment leaning towards optimism. Ethereum is currently trading at around $2,600, exactly at its maximum pain price.
It's worth noting that over $682 million worth of BTC options (equivalent to 16.3% of the total $4.2 billion) will be "in-the-money" upon expiration, most of which are call options. A call option is considered in-the-money when its exercise price is lower than the current market price; while an in-the-money put option has an exercise price higher than the spot price.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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