Over $17 Billion Worth of Bitcoin and Ethereum At Risk in June Options Expiry

Today’s ending Bitcoin and Ethereum alternatives, worth over $17 billion, are set to cause prospective volatility in the crypto market. Regardless of recent cost drops, traders are positive, with both properties showing bullish signs. The post Over $17 Billion Worth of Bitcoin and Ethereum At Threat in June Options Expiry appeared initially on BeInCrypto.

Max Pain: $102K$ETH: $2.3 B notional

According to Deribit information, Bitcoin options expiration involves 139,390 agreements, compared to 33,972 contracts last week. Similarly, Ethereum’s expiring alternatives total 938,551 agreements, up from 224,509 contracts the previous week. Notably, the substantial difference between today’s expiring alternatives and last week comes as the June 27 agreements are for the month. For the ending Bitcoin options, the maximum discomfort cost is $102,000, and the put-to-call ratio is 0.75. Based on the Max Pain Theory, possession costs tend to gravitate toward their respective max pain or strike prices as the alternatives near expiration. As of this writing, Bitcoin and Ethereum are trading well above their maximum discomfort levels. There’s a shift in focus towards ETH choices trading as Bitcoin volatility stays low, with traders anticipating potential drawback movement in July,” composed analysts at Greeks.live. However, markets typically support soon after traders adapt to the new cost environment.