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Заголовок Will Today’s Big $6.6B Bitcoin Options Expiry Send Markets Back Down?
Дата 20240628

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Will Today’s Big $6.6B Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Options Expiry Send Markets Back Down?

Will Today’s Big $6.6B Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Options Expiry Send Markets Back Down?

Author: Martin Young

Last Updated Jun 28, 2024 @ 11:33

Friday is Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin options expiration day, and the month-end event is always a
big one. Crypto markets have been tanking all week, so will this send them
further into the red?

This Friday, around 107,000 Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin options contracts will expire, with a
notional value of $6.6 billion.

Moreover, it is an end-of-month expiry event, which is much larger than usual
end-of-week expiries so there may be a little market volatility.

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Options Expiry

Today’s huge tranche of BTC derivatives has a put/call ratio of 0.5, meaning
that twice as many long (call) contracts are expiring as shorts (puts). The
max pain point, or price at which most losses will be made, is $57,000, which
is around $4,000 lower than current spot prices.

Bulls remain in charge of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin options markets with more than $340 million
in open interest at higher strike prices of $70K, $75K, and $80K. Moreover,
total OI ramps up to $590 million at $90K and $770 million at the $100K strike
price
, according to Deribit.

Crypto derivatives tooling provider Greeks Live commented that June had been a
tough month for the crypto market, “with a more pessimistic atmosphere as BTC
and ETH prices at one point approached the max pain point, which investors
thought was impossible to reach.”

June 28 Options Data

107K BTC options are expiring with a Put Call Ratio of 0.5, a Maxpain point of
$57,000 and a notional value of $6.6 billion.

1.04M ETH options are expiring with a Put Call Ratio of 0.59, Maxpain point of
$3,100 and notional value of $3.6 billion.

Today ispic.twitter.com/sYVyb3HJnC

Greeks.live (@GreeksLive) June 28, 2024

It added that, despite the volatility in the market, the implied volatility, a
measure of future volatility from expiring contracts, did not show a
significant rise, with BTC below 50% IV for all major terms.

In addition to the big batch of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin options, around a million Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
options are expiring today. These have a put/call ratio of 0.59, a max pain
point of $3,100, and a notional value of $3.6 billion. This pushed the total
crypto options expiration notional value to over $10 billion.

Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum ETF news will be clearer early next month, observed Greeks Live,
which added that the implied volatilitywill be under strong downward
pressure for a few days after today s delivery.”

Crypto Market Impact

Total market capitalization has recovered a little from its dip earlier this
week to hover around the $2.4 trillion mark. However, sentiment remains
bearish, and markets have been downtrending throughout June.

Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin recovered to top $62,000 on June 28, but it retreated to $61,500 at
the time of writing. The asset appears to be consolidating at this level
following its dip below $60K on June 24.

Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum prices had also recovered from their five-week low of $3,260 on
Monday. The asset had returned to $3,430 at the time of writing.

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Tags: Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) Price Deribit

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