Around 29,000 Bitcoin options contracts will expire on Friday, Nov. 22, and they have a notional value of around $2.84 billion.<\/p>\n
Today\u2019s options expiry is slightly smaller in magnitude than last week\u2019s<\/a>, but spot crypto markets are on fire, with peak prices being hit<\/a> by several assets.<\/p>\n A huge $9 billion expiry event will occur at the end of the month, next Friday.<\/p>\n This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 1.1. This is a rare scenario for BTC options when there are slightly more short (put) contracts expiring than long (calls).\u00a0The max pain, or point at which most losses will occur, is $86,000, way below spot prices, which hit an all-time high of $99,000 on Friday morning.<\/p>\n Open interest (OI), or the value or number of options contracts yet to expire, is highest at the $100,000 strike price with $2.2 billion there, according<\/a> to Deribit.<\/p>\n Crypto derivatives provider Greeks Live observed the massive Bitcoin rally towards six figures and Ethereum finally waking up.<\/p>\n It also commented on this week\u2019s launch of spot Bitcoin ETF options for BlackRock\u2019s IBIT fund, adding, \u201cThere is a significant inflow of US money into ETFs, and the spot bull market is being strongly driven by a number of favorable factors.\u201d<\/p>\n \u201cThe market sentiment remains extremely optimistic at this point, with the risk of a BTC pullback mitigated due to the generalized market rally.\u201d<\/p>\n 22 Nov Options Data \u2014 Greeks.live (@GreeksLive) November 22, 2024<\/a><\/p>\n\n In addition to today\u2019s Bitcoin options, there are around 164,000 Ethereum contracts expiring today. These have a notional value of $550 million, a max pain of $3,050, and a put\/call ratio of 0.65, bringing Friday\u2019s combined crypto options expiry notional value to around $3.4 billion.<\/p>\n Multiple all-time highs have driven total market capitalization to a new peak<\/a> of $3.43 trillion on Friday, Nov. 22.<\/p>\n Bitcoin was leading the charge once again, tapping $99,261 in its latest ATH<\/a> during the Friday morning trading session in Asia. The asset has gained 12% over the past week and is up more than 40% since Donald Trump won the US presidential election.<\/p>\n Ethereum had gained 9% on the day, topping out at $3,375, but it faced heavy resistance above it, despite its peers such as Solana and XRP pumping harder.<\/p>\n ETF Store president Nate Geraci listed the bullish events<\/a> that have driven momentum for digital assets this week:<\/p>\n So far this week\u2026<\/p>\n -Options trading approved for spot btc ETFs<\/p>\n -Spot btc ETF assets cross $100bil<\/p>\n -SEC Chair Gary Gensler stepping down<\/p>\n -Schwab CEO says will get involved in spot crypto<\/p>\n -19b-4s filed for 4 spot Solana ETFs<\/p>\n -Btc price nearing $100k<\/p>\n That\u2019s in four days.<\/p>\n \u2014 Nate Geraci (@NateGeraci) November 22, 2024<\/a><\/p>\n\n The post Will Crypto Markets Keep Cranking When $2.8B Bitcoin Options Expire Today?\u00a0<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Around 29,000 Bitcoin options contracts will expire on Friday, Nov. 22, and they have a notional value of around $2.84 billion. Today\u2019s options expiry is slightly smaller in magnitude than last week\u2019s, but spot crypto markets are on fire, with peak prices being hit by several assets. A huge $9 billion expiry event will occur […]<\/p>\n","protected":false},"author":0,"featured_media":22614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-22613","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\/22613"}],"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=22613"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/22614"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Options Expiry<\/h2>\n
\n29,000 BTC options are expiring with a Put Call Ratio of 1.1, Maxpain point of $86,000 and notional value of $2.84 billion.
\n164,000 ETH options are about to expire with a Put Call Ratio of 0.65, a Maxpain point of $3,050 and a notional value of $550 million.\u2026 pic.twitter.com\/5ZRhIqbrJj<\/a><\/p>\nCrypto Market Surges to ATH<\/h2>\n