$BTC & $ETH Options Expiry: What Does It Actually Mean?
This Friday, September 25, around $18.1B worth of BTC and ETH options contracts are scheduled to expire.
First, an important clarification:
Bitcoin and Ethereum are not expiring. The options contracts linked to them are reaching their expiry date.
According to Coinbase Markets and Deribit data:
• BTC Put/Call Open Interest Ratio: 0.66
• Major Call Open Interest: around $90K and $100K strikes
What does $18.1B mean?
It refers to the notional value of the options contracts, not $18.1B of BTC and ETH being sold.
Large expiries can lead to position adjustments and hedging activity, potentially affecting short-term market dynamics.
Key takeaway:
Options expiry can influence market conditions, but it does not guarantee that BTC or ETH will move in a particular direction.
What do you watch during major expiries — Open Interest, Funding Rates, or Spot Price?
#Bitcoin #OptionsExpiry #CryptoMarket
This Friday, September 25, around $18.1B worth of BTC and ETH options contracts are scheduled to expire.
First, an important clarification:
Bitcoin and Ethereum are not expiring. The options contracts linked to them are reaching their expiry date.
According to Coinbase Markets and Deribit data:
• BTC Put/Call Open Interest Ratio: 0.66
• Major Call Open Interest: around $90K and $100K strikes
What does $18.1B mean?
It refers to the notional value of the options contracts, not $18.1B of BTC and ETH being sold.
Large expiries can lead to position adjustments and hedging activity, potentially affecting short-term market dynamics.
Key takeaway:
Options expiry can influence market conditions, but it does not guarantee that BTC or ETH will move in a particular direction.
What do you watch during major expiries — Open Interest, Funding Rates, or Spot Price?
#Bitcoin #OptionsExpiry #CryptoMarket
