{"id":13030,"date":"2025-02-14T06:31:58","date_gmt":"2025-02-14T06:31:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13030"},"modified":"2025-02-14T06:31:58","modified_gmt":"2025-02-14T06:31:58","slug":"will-crypto-markets-react-to-2b-bitcoin-options-expiring","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13030","title":{"rendered":"Will Crypto Markets React to $2B Bitcoin Options Expiring\u00a0"},"content":{"rendered":"
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Around 21,300 Bitcoin options contracts will expire on Friday, Feb. 14, and they have a notional value of roughly $2 billion.<\/p>\n

This week\u2019s expiry event is a little smaller than last week\u2019s, which had very little impact on spot markets, which have lacked luster despite the steady stream of bullish news emerging from the United States.<\/p>\n

Bitcoin Options Expiry<\/h2>\n

This week\u2019s batch of Bitcoin options contracts has a put\/call ratio of 0.67, meaning that there are slightly more call (long) contracts expiring than puts (shorts). The max pain point, or price where most losses will be made, is $98,000.<\/p>\n

Moreover, open interest (OI), or the value or number of BTC options contracts yet to expire, is highest at the $120,000 strike price, which is $1.8 billion, according<\/a> to Deribit.<\/p>\n

There is also around $1.2 billion in OI at the $110,000 strike price, as derivatives traders continue to speculate that BTC prices will rise in the longer term.<\/p>\n

Earlier this week, crypto derivatives provider Greeks Live said<\/a> this week\u2019s CPI data slightly exceeded expectations, resulting in a crypto slump<\/a>, before adding:<\/p>\n

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\u201cMarket sentiment maintained a weak consolidation this week, with Implied Volatility falling to its lowest level in almost a year, despite multiple positive news from the U.S. government side.\u201d<\/p>\n<\/blockquote>\n

\u201cShort-term IV is particularly low, with current month expiry IV at just 46%, and the options market is expecting lower volatility in the coming period,\u201d it said in an earlier post. The main reason for this is the \u201ccontinued weakening of bullish forces in the near term,\u201d it concluded.<\/p>\n

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Feb. 14 Options Data
21,000 BTC options expired with a Put Call Ratio of 0.67, a Maxpain point of $98,000 and a notional value of $2.08 billion.
176,000 ETH options expired with Put Call Ratio of 0.64, Maxpain point of $2,725 and notional value of $470 million.
Market sentiment\u2026 pic.twitter.com\/RKr9Tx6JMG<\/a><\/p>\n

\u2014 Greeks.live (@GreeksLive) February 14, 2025<\/a><\/p>\n<\/blockquote>\n