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<p>The post <a rel="nofollow" href="https://coinpedia.org/news/crypto-markets-brace-for-impact-as-640-million-worth-bitcoin-options-set-to-expire-today/">$640M in Bitcoin Options Expire Today; Here’s What to Expect</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Cryptocurrency markets have faced a challenging week, with the significant players experiencing a downturn. All eyes are now on an upcoming derivatives expiry event, and market participants are curious if it will lead to a much-needed change.</p> 
<p>Wondering why this event is so important? Read on.</p> 
<h2 class="wp-block-heading" id="h-options-in-the-spotlight">Options in the Spotlight</h2> 
<p>As we near October 13, approximately 24,000 <a href="https://coinpedia.org/bitcoin/btc-price-analysis-next-week-will-feds-interest-rate-decision-and-options-expiry-move-bitcoin-price/">Bitcoin options</a> contracts, worth around $640 million, are set to expire. What’s striking is that this week’s options expiry is about 50% larger than the previous week’s. When these 24,000 BTC options expire, they’ll bring with them a Put-Call Ratio of 1.23 and a maximum pain point of $27,000.</p> 
<p>In addition to <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin</a>, roughly 190,000 Ethereum options are also approaching their expiration. These contracts have a Put-Call Ratio of 0.71, a maximum pain point of $1,600, and a notional value of $290 million. What’s significant about the Ethereum contracts is their put/call ratio of 0.71, indicating that more calls are being sold due to the bearish pressure on ETH.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30a.png" alt="🌊" class="wp-smiley" style="height: 1em; max-height: 1em;">13 Oct Options Data<br>24,000 BTC options are about to expire with a Put Call Ratio of 1.23, a max pain point of $27,000 and a notional value of $640 million. <br>190,000 ETH options are about to expire with a Put Call Ratio of 0.71, a max pain of $1,600 and a notional value of $290… <a href="https://t.co/CLu3NoqCiN">pic.twitter.com/CLu3NoqCiN</a></p>— Greeks.live (@GreeksLive) <a href="https://twitter.com/GreeksLive/status/1712612162395668776?ref_src=twsrc%5Etfw">October 12, 2023</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p><strong>Bitcoin Holds its Ground</strong></p> 
<p>Bitcoin continues to maintain its dominance in the market. This week, positions in BTC options have surged by nearly 70%. Interestingly, 60% of these positions are BTC Put options, which is somewhat unusual. Meanwhile, <a href="https://coinpedia.org/information/market-price-prediction-ethereum-2019/">Ethereum</a> is struggling to gain traction.</p> 
<blockquote class="wp-block-quote"> 
 <p>Greeks Live wrote on X, “IVs across all major terms remain at all-time lows with no sign of a rebound, and with liquidity continuing to deteriorate of late, the big one looks to be getting closer.”</p> 
</blockquote> 
<h2 class="wp-block-heading" id="understanding-past-trends">Understanding Past Trends</h2> 
<p>Back in June, about 150,000 BTC options contracts, valued at around $4.5 billion, and 1.2 million ether contracts, worth $2.3 billion, expired on the major cryptocurrency options exchange, Deribit. During that time, the most valuable cryptocurrency traded within a narrow price range and recorded only a 1% gain, reaching $30,700. </p> 
<p>Also Read: <a href="https://coinpedia.org/news/cpi-report-released-us-inflation-defies-expectations-holding-steady-at-3-7/">CPI Report: US Inflation Steady at 3.7%, Despite Fed’s Efforts</a></p> 
<p>Now, investors are closely watching to see if history will repeat itself as these options contracts approach their expiry once again.</p>

$640M in Bitcoin Options Expire Today; Here’s What to Expect

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