Deribit data: Over 3.4 billion USD in BTC and ETH Options will expire this afternoon.

According to official data from Deribit, this Friday (May 23rd, 16:00 Beijing time), the market will face the expiration of nearly $3.4 billion in BTC and ETH Options.

Currently, the open interest for Bitcoin call options is 11,453 contracts, and the open interest for put options is 13,966 contracts, corresponding to a put/call ratio of 1.22, with a notional value of up to 2.836 billion USD, and the maximum pain price is 104,000 USD.

The open interest for Ethereum call options reached 89,16 contracts, while the open interest for put options was 112,337 contracts, corresponding to a put/call ratio of 1.26, with a nominal value of nearly $5.48 million and a maximum pain price of $2,450.

Overall, the trading of put options (sell options) for BTC and ETH is significantly higher than that of call options (buy options), which may reflect a strong expectation among market participants for a short-term price decline in these two cryptocurrencies, or they are using put options to hedge against potential market volatility risks.

In summary, as the expiration date of options on the Deribit exchange approaches this Friday, market volatility may increase, which in turn could affect the price trends of BTC and ETH.

Finally, do you think the expiration of this Options will have an impact on the cryptocurrency market? Will you adjust your contract positions in advance based on the performance of the Options market?

#Deribit # Options expiration #比特币 # Ethereum