Around 18,800 Bitcoin options contracts will be expiring on Friday, Oct. 11, with a notional value of around $1.1 billion.<\/p>\n
Today\u2019s options expiry is very similar to last week\u2019s as implied volatility declines, and expiry events<\/a> are now smaller. Therefore, it is unlikely to impact spot markets, which have been retreating this week.<\/p>\n This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 0.91, meaning that the amount of expiring long (call) contracts and shorts (puts) are more evenly matched.\u00a0The max pain point, or level at which most losses will be made, is $62,000, around $1,500 higher than current spot prices.<\/p>\n Additionally, open interest (OI), or the value or number of open options contracts yet to expire, is still high at the strike price of $70,000 with $790 million.\u00a0OI at the $80,000 strike price has fallen to $723 million, and, according<\/a> to Deribit, there is still $964 million at the $100,000 strike price.<\/p>\n Crypto derivatives provider Greeks Live observed that markets continued to weaken, and the key $60,000 level was \u201cnow hotly contested.\u201d<\/p>\n \u201cThe first two weeks of the fourth quarter of this year were poor, the options market is also more depressed, and the current options position has fallen to a new low since 2023.\u201d<\/p>\n 11 Oct Options Data \u2014 Greeks.live (@GreeksLive) October 11, 2024<\/a><\/p>\n\n However, Greeks added that a sluggish market \u201calso breeds new trading opportunities\u201d and is \u201cperfect for building some medium to long term calls at a low level.\u201d<\/p>\n In addition to today\u2019s Bitcoin options, there are 212,000 Ethereum options that are about to expire with a put\/call ratio of 0.4, a max pain point of $2,450, and a notional value of $510 million.\u00a0This brings Friday\u2019s crypto options expiry to $1.6 billion for the week.<\/p>\n Spot markets have continued their retreat this week, with total capitalization falling 1.4% on the day to $2.21 trillion at the time of writing. However, they have been sideways now for more than half a year.<\/p>\n Bitcoin slumped<\/a> to $58,900 during late trading on Thursday but recovered to reclaim $60,500 during the Friday morning Asian trading session. The asset has now lost more than 8% since late September as \u201cUptober\u201d has yet to materialize.<\/p>\n Ethereum was equally bearish, dumping to $2,335 before a minor recovery to reclaim $2,400 at the time of writing. More FUD has been unleashed with rumors<\/a> of the Chinese government selling a big stash of ETH seized from the PlusToken Ponzi.<\/p>\n The post Will Markets Continue to Dump Amid $1.6B in Crypto Options Expiring Today?\u00a0<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Around 18,800 Bitcoin options contracts will be expiring on Friday, Oct. 11, with a notional value of around $1.1 billion. Today\u2019s options expiry is very similar to last week\u2019s as implied volatility declines, and expiry events are now smaller. Therefore, it is unlikely to impact spot markets, which have been retreating this week. Bitcoin Options […]<\/p>\n","protected":false},"author":0,"featured_media":13097,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-13096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/13096"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13096"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/13096\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/13097"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Options Expiry<\/h2>\n
\n18,000 BTC options are expiring with a Put Call Ratio of 0.91, Maxpain point of $62,000 and notional value of $1.1 billion.
\n212,000 ETH options are about to expire with a Put Call Ratio of 0.4, Maxpain point of $2,450 and notional value of $510 million.
\nWith\u2026 pic.twitter.com\/tWutpxCora<\/a><\/p>\nCrypto Market Outlook<\/h2>\n