Today expires the validity of the options for Bitcoin (BTC) and Ethereum (ETH) with a total value of $ 2.5 billion.
We understand how expiration will affect the short -term price dynamics of the two largest cryptocurrencies in capitalization.
Exposition of options on Valentine’s Day
According to Deribit, today it expires of 21,362 optional bitcoin contracts for the amount of $ 2.07 billion. The ratio of the Put and Call for these options is 0.66, and the maximum pain point is at $ 98,000.
Today, the expiration of 176 742 optional contracts on Ethereum will also be held. Their nominal value reaches $ 479.01 million. The ratio of the Put and Call is 0.64, and the maximum pain price is $ 2,725.
This week, the number of burning options is much less than in the past. Then the amount of optional contracts for BTC and ETH amounted to about $ 3.12 billion. This was due to the duties that Donald Trump suggested. Against the background of geopolitical tension, the price of bitcoin sank below $ 100,000 and until it can return above this level.
The expiration of options threatens to lead to the volatility of prices, so market participants need to carefully monitor today’s events. Nevertheless, the ratio of the Put and Call below 1 for bitcoin and Ethereum indicates optimism among investors. This suggests that more traders are betting on prices.
According to Greeks Live, this week implied volatility has fallen to the lowest level in almost a year, despite some positive news from the US authorities.
Greeks.live analysts indicated that the institutions consider February as “garbage time”. This means a period of low activity or interest, which can affect the volumes of trading and crypto prices.
As the expiration of the options approaches, Bitcoin and Ethereum can strive for their pain points. According to CoinmarketCap, at the time of writing the BTC material is traded at $ 96,942. At the same time, the price of ETH is $ 2,701.
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Source: Cryptocurrency
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