Over $7 Billion Bitcoin and Ethereum Options Expire Today: What Traders Should Expect
The post Over $7 Billion Bitcoin and Ethereum Options Expire Today: What Traders Should Expect appeared on BitcoinEthereumNews.com. A large volume of Bitcoin (BTC) and Ethereum (ETH) options expires on August 1, 2025, positioning the crypto market for volatility. Like monthly options expiry, weekly ones can influence price direction or cause price to pin near key strike levels as traders hedge or unwind positions. Bitcoin, Ethereum Options Expiry Looms With Over $7 Billion at Stake Data on Deribit shows today’s expiring Bitcoin options have a maximum pain level or strike price of $117,000, which is well above its current price of $116,003. Meanwhile, total open interest, the sum of all Put (Sale) and Call (Purchase) options, is 46,618. Expiring Bitcoin options today have a notional value of $5.6 billion. Based on the current price, options traders hold Bitcoin options for around 48,568.75 BTC tokens. With a Put-to-Call ratio (PCR) of 0.79, Deribit data shows a prevalence of Call options, suggesting a general bullish sentiment. Bitcoin Expiring Options. Source: Deribit Elsewhere, Ethereum expiring options have a PCR of 0.91. This points to a cautious but optimistic outlook in the market, as purchase orders exceed sale orders. Most traders will feel the most financial pain at the $3,550 maximum pain level in today’s Ethereum expiring options. Unlike Bitcoin, Ethereum’s price is well above its strike price. Meanwhile, total open interest for expiring ETH options is 375,709, indicating that more capital is deployed on ETH options contracts than in BTC ones. This may also suggest that traders show greater interest in Ethereum’s near-term volatility. Other reasons for more ETH open interest than Bitcoin are that Ethereum is becoming more dominant in derivatives markets amid an abounding Ether narrative. Data on Deribit shows the notional value for today’s expiring ETH options is $1.39 billion. Ethereum Expiring Options. Source: Deribit As options near expiration, prices tend to gravitate toward their respective max pain levels, suggesting a…
The post Over $7 Billion Bitcoin and Ethereum Options Expire Today: What Traders Should Expect appeared on BitcoinEthereumNews.com.
A large volume of Bitcoin (BTC) and Ethereum (ETH) options expires on August 1, 2025, positioning the crypto market for volatility. Like monthly options expiry, weekly ones can influence price direction or cause price to pin near key strike levels as traders hedge or unwind positions. Bitcoin, Ethereum Options Expiry Looms With Over $7 Billion at Stake Data on Deribit shows today’s expiring Bitcoin options have a maximum pain level or strike price of $117,000, which is well above its current price of $116,003. Meanwhile, total open interest, the sum of all Put (Sale) and Call (Purchase) options, is 46,618. Expiring Bitcoin options today have a notional value of $5.6 billion. Based on the current price, options traders hold Bitcoin options for around 48,568.75 BTC tokens. With a Put-to-Call ratio (PCR) of 0.79, Deribit data shows a prevalence of Call options, suggesting a general bullish sentiment. Bitcoin Expiring Options. Source: Deribit Elsewhere, Ethereum expiring options have a PCR of 0.91. This points to a cautious but optimistic outlook in the market, as purchase orders exceed sale orders. Most traders will feel the most financial pain at the $3,550 maximum pain level in today’s Ethereum expiring options. Unlike Bitcoin, Ethereum’s price is well above its strike price. Meanwhile, total open interest for expiring ETH options is 375,709, indicating that more capital is deployed on ETH options contracts than in BTC ones. This may also suggest that traders show greater interest in Ethereum’s near-term volatility. Other reasons for more ETH open interest than Bitcoin are that Ethereum is becoming more dominant in derivatives markets amid an abounding Ether narrative. Data on Deribit shows the notional value for today’s expiring ETH options is $1.39 billion. Ethereum Expiring Options. Source: Deribit As options near expiration, prices tend to gravitate toward their respective max pain levels, suggesting a…
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