Deribit data: Options worth over $18.2 billion in BTC and ETH to expire this Friday
On September 22, according to Deribit’s official data, approximately $18.239 billion worth of BTC and ETH options will expire this Friday (at 16:00 two days later).
Of this, the notional value of BTC options is about $16.08 billion, with a put/call ratio of 0.68. The maximum pain strike price is $75,000. The overall options sentiment into expiry is bullish;
At present, the BTC market price is above $86,500, significantly higher than the options’ maximum pain strike, and within this range, bullish expectations are notably higher than bearish expectations;
On the same day, the notional value of ETH expiring options is about $2.159 billion, with a put/call ratio of 0.61 and a maximum pain point at $2,250. The options sentiment at expiry is also overall bullish.
Currently, the ETH market price is above $2,750, which is similarly significantly higher than the options’ maximum pain strike, and bullish expectations are clearly higher than bearish expectations;
In summary, both the BTC and ETH options markets show a market-dominant structure led by longs. Combined with the fact that both spot prices are significantly higher than the maximum pain, this suggests limited near-term selling pressure in the derivatives market. New capital continues to flow into the spot market and may help sustain a bullish trend.
#期权交割日
On September 22, according to Deribit’s official data, approximately $18.239 billion worth of BTC and ETH options will expire this Friday (at 16:00 two days later).
Of this, the notional value of BTC options is about $16.08 billion, with a put/call ratio of 0.68. The maximum pain strike price is $75,000. The overall options sentiment into expiry is bullish;
At present, the BTC market price is above $86,500, significantly higher than the options’ maximum pain strike, and within this range, bullish expectations are notably higher than bearish expectations;
On the same day, the notional value of ETH expiring options is about $2.159 billion, with a put/call ratio of 0.61 and a maximum pain point at $2,250. The options sentiment at expiry is also overall bullish.
Currently, the ETH market price is above $2,750, which is similarly significantly higher than the options’ maximum pain strike, and bullish expectations are clearly higher than bearish expectations;
In summary, both the BTC and ETH options markets show a market-dominant structure led by longs. Combined with the fact that both spot prices are significantly higher than the maximum pain, this suggests limited near-term selling pressure in the derivatives market. New capital continues to flow into the spot market and may help sustain a bullish trend.
#期权交割日
