Ethereum

Bitcoin

Standard

Billion

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin options worth $6.35 billion are set to expire on Deribit exchange this Friday.</li> 
 <li>Ethereum options with a notional value of $3.08 billion are also due to expire.</li> 
</ul>  
<p>Bitcoin options with a notional value of over $6.3 billion are scheduled to expire on the Deribit derivatives exchange this coming Friday. </p> 
<p> These options make up the majority of the total $9.4 billion in cryptocurrency options due to expire on the same day. </p> 
<h2 id="market-sentiment-and-expiry">Market Sentiment and Expiry</h2> 
<p>As the end of the month approaches, the put-call ratio has risen to 0.68, indicating an increase in the number of put options compared to calls from the previous week. </p> 
<p> This ratio is a key indicator of market sentiment, with a higher number of puts suggesting a bearish outlook. </p> 
<p>In addition to Bitcoin options, Ethereum options worth $3.08 billion are also set to expire. </p> 
<p> However, the put-call ratio for Ethereum contracts is significantly lower at 0.49, suggesting a more bullish sentiment for this cryptocurrency. </p> 
<h2 id="end-of-year-predictions">End-of-Year Predictions</h2> 
<p>Data from Deribit shows that the largest open interest leading up to the year-end expiry is for calls at a $100,000 strike price for Bitcoin. </p> 
<p> This suggests that derivatives traders expect <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">Bitcoin’s</a> value to exceed this price by December. </p> 
<p>This optimism aligns with a recent analyst note from Standard Chartered, which projected an end-of-2024 target price of $150,000 for Bitcoin and $8,000 for <a href="https://crypto.ro/en/cryptocurrencies/ethereum/">Ethereum</a>. </p> 
<p>Options are derivative contracts that give the holder the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a specific date. </p> 
<p> A call option provides the right to buy, while a put option offers the right to sell. </p> 
<p> It is generally assumed that a trader buying put options has a bearish outlook on the market, while a call buyer is bullish. </p>

$6.3 Billion Bitcoin Options on Deribit Set for Expiration This Friday

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