Deribit Data: Nearly 4.8 billion USD in BTC and ETH Options will expire this Friday

On August 21, it was reported that the market will welcome the expiration of BTC and ETH options with a total nominal value of nearly 4.8 billion USD this Friday (Beijing time tomorrow at 16:00). Among them, the nominal value of BTC options nearing expiration is about 3.824 billion USD, while the nominal value of ETH options is over 949 million USD.

According to the latest data from Deribit, the total number of open contracts for Bitcoin options is 33,561 and the total number of open contracts for Ethereum options is 220,221 for the options expiring this Friday.

Among them, the open interest of BTC call options is 14,461 contracts, while that of put options is
19,100 contracts, the Put/Call Ratio is 1.32. The notional value of the corresponding contracts is nearly 3.824 billion USD, and the current maximum pain price for BTC is 118,000 USD;

The open interest for Ethereum call options is 120,801 contracts, while the open interest for put options is 99,420 contracts, with a Put/Call Ratio of 0.82, corresponding to a notional value of over 949 million USD. The current maximum pain price for ETH is 4,250 USD.

In summary, from the perspective of the Put/Call Ratio in the options market, current market participants generally have a bearish outlook on this Friday's BTC options expiring, while they have a generally bullish expectation for the same expiration time for ETH options.

In addition, the largest concentration of bearish strike prices for BTC is around $110,000; the largest concentration of bullish strike prices for ETH is around $4,200. If during this period, the spot price of the corresponding tokens approaches these areas, there may be a potential risk of increased volatility.

Investors can refer to the above data and combine it with relevant technical indicators from the spot market to assess whether your investment strategy needs adjustment.

#Deribit # Options expiration