Ethereum

bullish

Bitcoin

The ongoing bullish sentiment in the crypto market seems to have an obstacle ahead as over $7.7 billion of Bitcoin and Ethereum expires today. The early impacts of this huge options expiration has already started raising tension with early Indian hour trading sessions showing high volatility.&nbsp;
According to <a href="https://www.deribit.com/statistics/BTC/metrics/options" target="_blank" rel="noopener noreferrer nofollow">data</a> from Deribit, the current total open interest in Bitcoin (BTC) options is sitting at 89,005 – of which over 60% (54,090) accounts for Call options and 34,915 for Put options. The total notional value for today’s Bitcoin options market is $5.82 million. As the max pain price is $59,000 for Bitcoin, the market is expected to show a slight higher volatility in US trading sessions.&nbsp;&nbsp;&nbsp;
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdiFzHpMIlx0uPoV9rOcAfLGLx2lVjynQ7iiWYNOpfeVMyjbRM6yiQYFDagqZM2ixSILXlL4LTuGTwDdrNudFhDaaCiOh4G2swsCeWjZOdXjXVb-GeNqey9XZWWtgIORpH_Fs_PxNWphx5ANuvmvni3TFhV?key=5-RYVPi_ceMaULsZIYhovg" alt="AD 4nXdiFzHpMIlx0uPoV9rOcAfLGLx2lVjynQ7iiWYNOpfeVMyjbRM6yiQYFDagqZM2ixSILXlL4LTuGTwDdrNudFhDaaCiOh4G2swsCeWjZOdXjXVb GeNqey9XZWWtgIORpH Fs PxNWphx5ANuvmvni3TFhV?key=5 RYVPi ceMaULsZIYhovg">
 <figcaption class="wp-element-caption">BTC Options Expiry (27 September) – detibit.com
 </figcaption>
 </figure>
</div>
Similarly, Ethereum (ETH) options are also having one of the biggest expiry on 27 September with notional value of $1.91 billion. Having a put/call ratio of 0.46, the total open interest in ETH options is 716, 917 with the max pain price of $2,550 – as per Deribit <a href="https://www.deribit.com/statistics/ETH/metrics/options" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXczEvtvh7pU8-tifU2BdgcYYco2m7xcMFwp7wUT5wF-aI30PAtSs8a7TL5fjuHkpYWlGEdke1VJe8__-1enVLviOKbNlW969mMFjqPbELj1-WVGrgX9TRKFVYlbNLwlZknkla-FKulJ4jpyAyncfNOvh8mv?key=5-RYVPi_ceMaULsZIYhovg" alt="AD 4nXczEvtvh7pU8 tifU2BdgcYYco2m7xcMFwp7wUT5wF aI30PAtSs8a7TL5fjuHkpYWlGEdke1VJe8 1enVLviOKbNlW969mMFjqPbELj1 WVGrgX9TRKFVYlbNLwlZknkla FKulJ4jpyAyncfNOvh8mv?key=5 RYVPi ceMaULsZIYhovg">
 <figcaption class="wp-element-caption">ETH Options Expiry (27 September) – Detibit
 </figcaption>
</figure>
The combined notional value of over $7.7 billion at expiry for both these leading assets marks one of the largest since past few months.&nbsp;
Following the recent rate cut decision from the US Federal Reserve, Bitcoin price and the whole cryptocurrency market witnessed a wave of uptrend with BTC breaking $65,000 – up over 9% since the rate cut announcement.&nbsp;
The options expiry today could bring massive volatility in Bitcoin and Ethereum market prices with potentially being pulled around the max pain levels. While such huge amount of options are on the edge to expire, market players would probably try to fluctuate prices to minimize their loss or maximize profits.&nbsp;
Besides, we are also approaching the weekend which could make market recovery tedious or extend the downtrading even furthermore in case of a sudden dump. All said, now we have to see how the market reacts to this tense event with billions involved.&nbsp;

Prepare For Volatility As $7.7B of Bitcoin And Ether Options Expires Today

The Crypto Times

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