At 4 p.m. today (Beijing time), around $5.86 billion worth of BTC and ETH options expire on Deribit ⏳
BTC options: $5.1 billion; ETH options: $754 million
Max pain: BTC at $113,000, ETH at $3,950
BTC is only a little over $80,000 right now, and ETH is hovering around $2,380.
In other words, the vast majority of contracts in this batch are set to expire worthless.
Buyers get wrecked, sellers count their money. Same old story.
Put/call ratio: BTC 0.90, ETH 0.77
The market still has a little hope for a rally, but it’s all pretty half-hearted.
Everyone knows that at the $80,000 level,
expiration-day volatility is the perfect harvesting machine.
Whenever a large batch of options expires, the market loves to put on a “max pain” show.
It’s not that $113,000 has some kind of magic power over BTC;
it’s that the interests of whales and market makers naturally align with making the most people lose money.
My move today is simple: sit back and watch, no adding to my position.
In the two hours before and after settlement, slippage and sudden wicks are random events.
I’ll wait for things to settle, then see whether the price can break above $82,000 and hold there with volume.
Do you still have any contracts expiring today, or have you already taken the loss and walked away?
$BTC $ETH
#期权到期 #比特币 #资金流向
This is not investment advice. DYOR. Trading involves risk.
BTC options: $5.1 billion; ETH options: $754 million
Max pain: BTC at $113,000, ETH at $3,950
BTC is only a little over $80,000 right now, and ETH is hovering around $2,380.
In other words, the vast majority of contracts in this batch are set to expire worthless.
Buyers get wrecked, sellers count their money. Same old story.
Put/call ratio: BTC 0.90, ETH 0.77
The market still has a little hope for a rally, but it’s all pretty half-hearted.
Everyone knows that at the $80,000 level,
expiration-day volatility is the perfect harvesting machine.
Whenever a large batch of options expires, the market loves to put on a “max pain” show.
It’s not that $113,000 has some kind of magic power over BTC;
it’s that the interests of whales and market makers naturally align with making the most people lose money.
My move today is simple: sit back and watch, no adding to my position.
In the two hours before and after settlement, slippage and sudden wicks are random events.
I’ll wait for things to settle, then see whether the price can break above $82,000 and hold there with volume.
Do you still have any contracts expiring today, or have you already taken the loss and walked away?
$BTC $ETH
#期权到期 #比特币 #资金流向
This is not investment advice. DYOR. Trading involves risk.