Українська
Русский
English
A $10 billion options “earthquake” in Bitcoin and Ethereum will occur tomorrow!
Attention in the cryptocurrency market is focused on tomorrow’s expiration of major options. It is reported that Bitcoin and Ethereum options worth approximately $9.87 billion will expire and be settled.
The website GreeksLive, which publishes options market data, reported that 109,000 Bitcoin options will expire on the specified date. The put/call ratio for these contracts was 0.93, and the maximum pain level was calculated at $72,000. The total notional value of Bitcoin options amounted to $8.55 billion.
On the Ethereum network, 563,000 options contracts are set to expire. The put/call ratio for these contracts is 0.72, and the maximum price is $2,200. The total notional value of Ethereum options is reported to be $1.32 billion.
The recent market recovery is noteworthy. The rise of Bitcoin’s price above $78,000 and the positive atmosphere created by the Web3 conference in Hong Kong have, according to analysts, also led to a recovery in the altcoin market. It is expected that this week, as part of a significant portion of the monthly options cycle, approximately 25% of total open interest will be closed. Looking at the distribution of open interest, one can note a concentration of 12% in late-May expirations and 24% in late-June expirations.
Volatility data in the options market also provide important signals. In the case of Bitcoin, implied volatility (IV) across various maturities this month continued its downward trend, falling below 40% for most tenors. In the case of Ethereum, although IV levels remain higher, the downward trend is evident; current levels are around 60%. Despite rising prices, the correction in “skew” data indicates that aggressive buying driven by excessive optimism or fear of missing out (FOMO) remains limited in the market.
See also: "A cryptocurrency to buy before it skyrockets and surpasses Ethereum’s market capitalization"
