$2.5 Billion in Bitcoin and Ethereum Options Set to Expire Today
Over $2.5 billion in Bitcoin and Ethereum options are expiring today, likely increasing market volatility. Traders are monitoring potential price impacts over the weekend following recent US economic data.
Key points include:
- Thousands of Bitcoin and Ethereum contracts expiring on Valentine’s Day.
- Bitcoin's put-to-call ratio remains below 1, indicating a bullish sentiment among traders.
- Ethereum contracts also show a similar put-to-call ratio.
- Bitcoin’s "max pain" price is below key psychological levels, suggesting positioning by traders.
- This week’s expiry is smaller than last week's but sensitive to economic influences.
- Market has shown low volatility recently, with implied volatility at its lowest in nearly a year.
- February is perceived as a slow trading period for institutions, reducing overall market activity.
- Expiration of contracts may lead to temporary swings before stabilization occurs.