#大盘走势 $1.5 billion worth of Bitcoin options expire today: where does BTC price go?
A large number of Bitcoin (BTC) and Ethereum (ETH) options are set to expire on April 12, 2024. The notional value of the 21,000 BTC contracts and 230,000 ETH contracts that are set to expire is $1.5 billion and $800 million, respectively.
How will the expiration lead to increased market volatility and affect the prices of Bitcoin and Ethereum?
Are the crypto markets volatile again?
According to Greeks.live, BTC has a put/call ratio of 0.62. The maximum pain point, or the price at which an asset will cause financial losses to the most holders, is $69,000.
Meanwhile, Ethereum has a put/call ratio of 0.49 and ETH has a maximum pain point of $3,425.
Analysts at Greeks.live have noticed a clear increase in volatility in the cryptocurrency market this week. Bitcoin's volatility is between $70,000 and Ethereum's volatility. Selling call options is becoming the most dominant trade this month.
In addition, the halving event has exceeded expectations.
The analyst commented: "Given the recent slowdown in ETF inflows and the relatively depressed market sentiment, selling in the medium term is indeed the best option, and in the short term, it is also worth selling as the halving approaches."
This week, Bitcoin has shown significant volatility, with the asset price falling below $66,000 and rising above $72,000. As of the time of writing, BTC is trading at $70,900.
Cryptocurrency options are derivative contracts that allow traders to buy or sell an asset at a specific price on a specific expiration date. If the option holder decides not to buy or sell the cryptocurrency, they are not obliged to do so. This makes options more flexible than futures, which require you to close the position regardless of profit or loss.
It is quite difficult to predict the market performance on many contract expiration dates, especially if any events that affect the news background are added. However, cryptocurrency traders and investors must pay close attention to the situation to ensure that the increase in volatility does not lead to unnecessary stop-loss orders or poor trading decisions.
Investors should keep in mind that the impact of option expiration on the price of the underlying asset is short-term. Generally speaking, the market will return to normal the next day and the drastic price deviation will be compensated.
A large number of Bitcoin (BTC) and Ethereum (ETH) options are set to expire on April 12, 2024. The notional value of the 21,000 BTC contracts and 230,000 ETH contracts that are set to expire is $1.5 billion and $800 million, respectively.
How will the expiration lead to increased market volatility and affect the prices of Bitcoin and Ethereum?
Are the crypto markets volatile again?
According to Greeks.live, BTC has a put/call ratio of 0.62. The maximum pain point, or the price at which an asset will cause financial losses to the most holders, is $69,000.
Meanwhile, Ethereum has a put/call ratio of 0.49 and ETH has a maximum pain point of $3,425.
Analysts at Greeks.live have noticed a clear increase in volatility in the cryptocurrency market this week. Bitcoin's volatility is between $70,000 and Ethereum's volatility. Selling call options is becoming the most dominant trade this month.
In addition, the halving event has exceeded expectations.
The analyst commented: "Given the recent slowdown in ETF inflows and the relatively depressed market sentiment, selling in the medium term is indeed the best option, and in the short term, it is also worth selling as the halving approaches."
This week, Bitcoin has shown significant volatility, with the asset price falling below $66,000 and rising above $72,000. As of the time of writing, BTC is trading at $70,900.
Cryptocurrency options are derivative contracts that allow traders to buy or sell an asset at a specific price on a specific expiration date. If the option holder decides not to buy or sell the cryptocurrency, they are not obliged to do so. This makes options more flexible than futures, which require you to close the position regardless of profit or loss.
It is quite difficult to predict the market performance on many contract expiration dates, especially if any events that affect the news background are added. However, cryptocurrency traders and investors must pay close attention to the situation to ensure that the increase in volatility does not lead to unnecessary stop-loss orders or poor trading decisions.
Investors should keep in mind that the impact of option expiration on the price of the underlying asset is short-term. Generally speaking, the market will return to normal the next day and the drastic price deviation will be compensated.