⚡️ $16.6 billion crypto options expiration today
Today, September 25, the crypto market is going through one of the major macro events of the third quarter. Long-term Bitcoin and Ethereum options are expiring on the platform Deribit.
Total expiration volume: $16.6 billion. Bitcoin (BTC) share: $14.63 billion. Ethereum (ETH) share: $1.93 billion.
Why does this matter for the price right now? The key metric for such events is the "max pain" point. This is the price level at which the majority of options buyers lose money, while large market makers maximize their profits. Currently, for Bitcoin, this zone is in the $72,000 – $75,000 range.
However, the actual BTC price is holding significantly higher (around $84,000). Right up until the contracts close, major players are forced to actively hedge their risks, which often restrains or distorts natural price movements.
Once the options expire, this pressure barrier will disappear. Historically, the closing of quarterly contracts of this magnitude triggers sharp spikes in volatility.
#BTC #BITCOIN #ETH #ETHEREUM $BTC $ETH
Today, September 25, the crypto market is going through one of the major macro events of the third quarter. Long-term Bitcoin and Ethereum options are expiring on the platform Deribit.
Total expiration volume: $16.6 billion. Bitcoin (BTC) share: $14.63 billion. Ethereum (ETH) share: $1.93 billion.
Why does this matter for the price right now? The key metric for such events is the "max pain" point. This is the price level at which the majority of options buyers lose money, while large market makers maximize their profits. Currently, for Bitcoin, this zone is in the $72,000 – $75,000 range.
However, the actual BTC price is holding significantly higher (around $84,000). Right up until the contracts close, major players are forced to actively hedge their risks, which often restrains or distorts natural price movements.
Once the options expire, this pressure barrier will disappear. Historically, the closing of quarterly contracts of this magnitude triggers sharp spikes in volatility.
#BTC #BITCOIN #ETH #ETHEREUM $BTC $ETH