Deribit Data: Notional value exceeding 15.5 billion USD BTC and ETH Options will expire this Friday.

On July 24, news has it that this Friday (Beijing time tomorrow at 16:00), the market will face the expiration of over 15.5 billion USD in BTC and ETH Options.

According to the latest data from Deribit, the total open interest for Bitcoin (BTC) options reached 108,175 contracts this Friday. Among them, the open interest for call options was 58,659 contracts, while the open interest for put options was 49,516 contracts, resulting in a put/call ratio of 0.84. The notional value corresponding to these contracts is nearly 12.818 billion USD, and the current maximum pain price for BTC is 111,000 USD.

Meanwhile, the total open interest of Ethereum Options is 747,413 contracts. Among them, the open interest of call options is 409,060 contracts, and the open interest of put options is 338,353 contracts. The Put/Call Ratio is 0.83, corresponding to a notional value of 2.717 billion USD, and the current maximum pain price for ETH is 2,800 USD.

In summary, from the perspective of the put/call ratio in the options market, current market participants generally have a bullish outlook for BTC options and ETH options in the short term.

With the concentration of contract settlements as the expiration date of the Options approaches, it brings additional pressure and uncertainty to the market, exacerbating market volatility. Therefore, investors need to prepare for risk hedging and prevention to cope with potential short-term price fluctuations.

What interesting signals have you observed in the current BTC and ETH options market? As an experienced player in the contract market, what risk response strategies would you adopt?

#Deribit # Options expiry #比特币 # ETH