Record $28B Crypto Options Expiry on December 26
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Historic Expiry: December 26 is set to witness a record $28 billion in crypto options expiring, with 267,000 BTC and 1.28 million ETH options expiring, potentially triggering market volatility and reflecting the rapid growth and maturation of the crypto derivatives market.
- Strong Bullish Sentiment: The put/call ratio for BTC stands at 0.35, indicating a significant bullish sentiment as call options heavily outweigh puts, with a max pain price of $95,000, highlighting traders' aggressive optimism despite current prices being far below this level.
- Ethereum Options Expiry: Ethereum also sees a substantial expiry with 1.28 million ETH options closing, and a put/call ratio of 0.45, while the max pain level is at $3,100, showcasing strong investor optimism in ETH despite spot prices being below the max pain threshold.
- Market Volatility Alert: Such a massive options expiry could lead to increased volatility as traders adjust their positions ahead of expiry, necessitating market participants to remain vigilant for potential price swings, as these events often act as catalysts for momentum shifts.
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.
