Ramazan Eles 
The cryptocurrency market is gearing up for the expiration of billions of dollars worth of options contracts.
According to data released today, a significant portion of Bitcoin and Ethereum options contracts are set to expire soon. For Bitcoin, 24,000 options contracts will be affected, while for Ethereum, 157,000 options contracts will be involved.
The Put/Call ratio for Bitcoin options is reported as 1.08, with a max pain (maximum pain) point of $58,500 and a notional value of $1.4 billion. For Ethereum options, the Put/Call ratio is 0.37, the max pain point is $3,100, and the notional value is $490 million.
Potential Impact on Prices
The high max pain point of $58,500 for BTC options suggests that investors are expecting the price to remain close to this level. This could create a pull towards this level in the market and cause the price to trade near this point.
On the other hand, the low Put/Call ratio and $3,100 max pain point for ETH options indicate an expectation that Ethereum’s price will stabilize around these levels.
Will it Affect the Price?
Option expirations can often lead to high-volume trading and sudden price movements. Especially the expiration of large option contracts can affect liquidity in the market and increase volatility.
Investors should be cautious against possible short-term fluctuations in the market during this process and strengthen their risk management.
Bitcoin and Ethereum’s options markets are generally seen as an important determinant that leads to price movements in spot markets. Therefore, the impact of the expiration of option contracts on the market should be closely monitored and evaluated as an important indicator for market participants.
You can freely share your thoughts and comments about the topic in the comment section. Additionally, please don’t forget to follow us on our Telegram, YouTube and Twitter channels for the latest news and updates instantly.