Traders Anticipate $6 Billion in Crypto Options Expiry Today
- Over $5.1 billion in Bitcoin options are set to expire on Deribit today, with a put-call ratio of 0.91.
- 192,000 Ethereum options worth nearly $0.79 billion are also expiring, showing a bullish put-call ratio of 0.79.
- Additionally, approximately $4.33 million in XRP options are set to expire, with a max pain price of $2.50.
- The total open interest for Bitcoin options on Deribit has reached an all-time high of $50 billion.
- Despite recent improvements since the October market crash, indicators suggest short-term exhaustion among traders.
The upcoming expiry of significant crypto options is expected to increase market volatility amid concerns over CPI inflation data and the Federal Reserve’s rate decision next week.
With over $5 billion in Bitcoin options expiring today and an all-time high open interest of $50 billion, traders are preparing for potential price movements as they navigate current market conditions.(Source)
