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coinpedia 2024-11-29 08:33:03

$11 Billion in Bitcoin and Ethereum Options Set to Expire Today — Volatility Ahead!

The post $11 Billion in Bitcoin and Ethereum Options Set to Expire Today — Volatility Ahead! appeared first on Coinpedia Fintech News It’s a big Friday in the crypto world as over $11 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire today! With the market bouncing back from a recent dump, all eyes are on today’s massive expiry event. Experts say this could shake things up in the short term, with the volume of contracts potentially driving price changes. 9.48 Billion Bitcoin Options Expiry Today, about 98,500 Bitcoin options contracts are expiring, with a total value of $9.48 billion. This is a massive expiry event, more than three times bigger than last week’s expiry. One important thing traders are watching is the “maximum pain point,” which is the price at which most options holders will lose out. For Bitcoin, this is around $80,000. If Bitcoin stays above this price, it could help keep the market steady. Right now, Bitcoin’s highest open interest is currently at the $100k mark, with $2 billion tied to this price. This shows that there is still a lot of interest in Bitcoin reaching $100,000, but it could face some resistance as it tries to move toward that level. But there’s still the bigger expiry event coming at the end of December, which could be even more significant. Ethereum Options Expiry Apart from Bitcoin, 412,000 Ethereum options contracts are also set to expire today. These contracts are worth a massive $1.47 billion and have a put/call ratio of 0.74, suggesting more bullish bets than bearish ones. The data also shows that the maximum pain point for Ethereum’s options is $2,900. Some experts think Ethereum might keep pushing higher, especially since its options market is showing more optimism compared to Bitcoin. When combined with Bitcoin’s options expiry, the total value of all these crypto options expiring today reaches an incredible $11 billion. Current Crypto Market Analysis With $11 billion worth of options contracts expiring today, we can expect some market shifts. The total value of the cryptocurrency market has been holding steady at around $3.32 trillion. Since the start of November, nearly a trillion dollars has poured into the crypto space, showing that investors are still very interested in the market. Right now, Bitcoin is trading at around $95,757 , showing signs of recovery, while Ethereum is holding steady at just under $3,550. However, with so much money tied up in these expiring contracts, volatility is likely soon.

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