Deribit Data: Notional value of nearly 5 billion USD in BTC and ETH Options expiring in half an hour

On August 8, news reported that today (Beijing time 16:00) the market will face the expiration of nearly 5 billion USD in BTC and ETH Options.

According to the latest data from Deribit, as of 16:00, the total open interest in Bitcoin (BTC) options reached 34,977 contracts. The total open interest in Ethereum options is 223,592 contracts.

Among them, the open interest for Bitcoin call options is 14,237 contracts, while for put options it is 20,740 contracts, resulting in a Put/Call Ratio of 1.46. The notional value of the corresponding contracts is nearly 4.087 billion USD, and the current maximum pain price for BTC is 116,000 USD.

The open interest for Ethereum call options is 104,508 contracts, while the open interest for put options is 119,084 contracts, resulting in a Put/Call Ratio of 1.14, corresponding to a notional value of 876 million USD. The current maximum pain price for ETH is 3,675 USD.

In summary, from the perspective of the Put/Call Ratio in the options market, current market participants have a generally bearish outlook for both BTC options and ETH options in the short term.

As the options delivery date approaches, market participants (especially those who need to adjust their positions to avoid unfavorable outcomes) may increase trading activity.

It will also exacerbate the volatility risk of "Vega value" or "Gamma value", leading to larger fluctuations in the price of the underlying asset than usual. Market participants should pay attention to risk management and implement appropriate hedging strategies!

#Deribit # Options expiration #比特币 # ETH