$4 Billion Worth of Bitcoin Options Expiring Today

Bitcoin and Ethereum Options Expiring

Today, $4 billion worth of Bitcoin and Ethereum options contracts are expiring. With approximately 247,000 contracts set to expire, this special day is attracting significant attention from cryptocurrency investors. In comparison to the 720,000 options contracts that expired last week, this figure is quite low.

Details of the Options Market

According to Deribit data, the nominal value of Bitcoin options expiring today reaches $3.4 billion, while the total open interest is recorded at 36,906. Additionally, the put/call ratio (PCR) stands at 0.91. The maximum pain level for Bitcoin is set at $91,000, just below the current BTC price of $92,099.

Ethereum Options and Market Trends

On the Ethereum side, today's expiring options have a nominal value of $668.95 million. The total open position count is recorded at 210,304. Ethereum's put/call ratio is 0.78, indicating that investors prefer more call options and exhibit a bullish trend. The maximum pain level is determined at $3,050, below the current ETH price of $3,160.

The Importance of Maximum Pain Level

The maximum pain level is the price level at which options contracts expire and represents potential losses for investors. Today's expiring Bitcoin and Ethereum options are significantly lower compared to last week. On November 28, more than $15 billion worth of options expired.

Market Trends

With a PCR ratio of 0.91, the Bitcoin options market indicates that investors are adopting a cautious attitude, but are not entering an aggressive downward trend. On the other hand, Ethereum's PCR value of 0.78 suggests that investors are more optimistic about ETH.