Deribit data: notional value of nearly 5.1 billion USD in BTC and ETH Options will expire today.

On July 11, news: This Friday (Beijing time today at 16:00), the market will face the expiration of nearly 5.1 billion USD in BTC and ETH Options.

According to current data from Deribit, the total open interest for BTC options this Friday is 36,975 contracts. Among them, the open interest for call options is 17,858 contracts, while the open interest for put options is 19,117 contracts, resulting in a put/call ratio of 1.07, corresponding to a notional value exceeding $4.37 billion. The current maximum pain price for BTC is $108,000.

At the same time, the total open interest for Ethereum options is 241,430 contracts. Among them, the open interest for call options is 113,684 contracts, and the open interest for put options is 127,746 contracts, with a put/call ratio of 1.12, corresponding to a notional value of nearly 729 million USD. The current maximum pain price for ETH is 2,600 USD.

In summary, the current trading of BTC and ETH put options is significantly higher than that of call options, indicating a bearish expectation in the options market in the short term.

According to Coingecko market data, the current market price of BTC is $115,932, with a 6.2% increase in the past 24 hours; the market price of ETH is $2,948, with an 8.3% increase in the past 24 hours.

Overall, the divergence trend between the BTC and ETH Options market and the spot prices this Friday may reflect investors' tendency to sell options for risk hedging or overall bearish expectations before the expiration of this option. This trend may also lead to a potential short-term sharp correction in the market before today's option expiration.

#Deribit # Options expiration #比特币 # Ethereum