Over $8.8 billion in crypto options expire this Friday: BTC's biggest pain point at $75,000, ETH's biggest pain point at $2,200

February 26th news, according to Deribit data, Bitcoin and Ethereum options contracts with a notional value exceeding $8.8 billion will expire and settle this Friday (February 28th) at 4 PM, potentially bringing a new wave of volatility to an already somewhat weak market.

Among the expiring contracts, the Bitcoin options market has a notional value of $7.9 billion, with a put/call ratio of 0.76, indicating that the number of call options about to expire exceeds the put options.

Additionally, Bitcoin's maximum pain point is currently at $75,000, while BTC price hovers around $68,600. Based on current market prices, Bitcoin options expiring are unfavorable for buyers but advantageous for sellers.

Meanwhile, in this expiration, the Ethereum options market has a notional value of $976 million, with a put/call ratio of 0.77. The maximum pain point is at $2,200, while ETH spot price is around $2,076.

Overall, for the current options market, the over $8.8 billion in BTC and ETH expiring options will not bring salvation to this Friday’s market settlement; instead, they will make the reality of capital outflows even more glaring.

For longs, rather than hoping that expiring options will turn the tide, it’s better to face a harsher reality: when the rules of the derivatives market are set by institutions, can retail investors in the spot market still get a piece of the pie?

#到期期权 #Deribit