Almost $5B in Bitcoin Options Set to Expire, Market Volatility Predicted


30 Jun 2023 4:49 AM

On June 30, around $4.8 billion in notional value Bitcoin options contracts will expire and $2.3 billion in Ethereum options will expire....

  • $4.8 billion worth of Bitcoin options contracts are set to expire on June 30, marking the largest expiry in months.
  • The put/call ratio is 0.56, indicating a higher number of long contracts compared to short contracts.
  • The max pain point for Bitcoin options is $26,500, which is the price with the most open contracts and potential losses upon expiry.
  • Market volatility is expected due to the expiry and the possibility of crypto trends moving towards the max pain point.
  • Ethereum options worth $2.3 billion are also expiring on June 30, with a similar put/call ratio and a max pain point of $1,700.
  • Crypto markets have been relatively sideways, with Bitcoin failing to break resistance levels and trading at $30,758, while Ethereum is priced at $1,877.

The sentiment in the article is neutral. It provides information about the upcoming expiry of Bitcoin and Ethereum options contracts and discusses the potential market volatility. There is no clear positive or negative sentiment expressed.

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You May Ask

What is the largest expiry of Bitcoin options contracts in months?What is the put/call ratio for Bitcoin options and what does it indicate?What is the max pain point for Bitcoin and Ethereum options?What is the current open interest for Bitcoin options?How have the crypto markets been performing recently?

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