Bitcoin Options Expiry: $2.4B Event Sparks Market Focus
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 17h ago- Liquidity Test: Today, $2.4 billion in Bitcoin options and $430 million in Ethereum derivatives are set to expire, prompting market participants to closely monitor key price levels and potential volatility, which could lead to significant price swings in the short term.
- Bitcoin Put/Call Ratio: According to Deribit data, Bitcoin's put/call ratio stands at 1.25, indicating a defensive or bearish sentiment among traders ahead of expiry, which may influence market sentiment and drive prices toward the max pain level of $92,000.
- Ethereum Market Sentiment: With $430 million in Ethereum options expiring, its put/call ratio at 0.98 suggests a relatively neutral market sentiment, potentially leading to more complex market dynamics that affect overall liquidity.
- Volatility Expectations: Historical patterns indicate that large expiry events often precede increased market volatility, particularly as large market makers unwind hedges, which can create significant buying or selling pressure in the spot markets.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
