Big expiration awaits tomorrow, roughly $7B in notional value for Bitcoin and Ethereum


29 Jun 2023 12:25 PM

Explore the implications of the upcoming significant Bitcoin options expiry. With a put-to-call ratio of 0.56 and 157,000 contracts set to expire, understand how market sentiment leans towards bullishness and what this could mean for Bitcoin's price volatility...

  • On June 30, a significant expiry of cryptocurrency options is expected, with approximately $4.8 billion worth of Bitcoin and $2.3 billion of Ethereum options expiring.
  • The 'put-to-call ratio' is 0.56, indicating that there are more 'call' options open than 'put' options, which typically signals bullish market sentiment.
  • If the spot price of Bitcoin is above the strike price of these options at expiration, it could lead to a further increase in the price of Bitcoin as option sellers may need to purchase Bitcoin to cover their sold positions.
  • The "max pain price" is currently at $26,500, representing the price level at which the most significant number of options contracts would become worthless, causing the most substantial financial loss for option holders.

The sentiment of the article is generally positive, as it highlights the potential for a further increase in the price of Bitcoin and discusses bullish market sentiment.

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You May Ask

What is the value of Bitcoin and Ethereum options expiring on June 30?What does a 'put-to-call ratio' of less than one indicate?How could the expiry of options potentially impact the price of Bitcoin?What is the "max pain price" and how is it calculated?What is the sentiment of the article towards the cryptocurrency market?

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