{"id":164204,"date":"2024-04-05T14:27:10","date_gmt":"2024-04-05T14:27:10","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=164204"},"modified":"2024-04-05T14:27:13","modified_gmt":"2024-04-05T14:27:13","slug":"massive-bitcoin-and-ethereum-options-expiry-will-volatility-strike-the-crypto-market","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/massive-bitcoin-and-ethereum-options-expiry-will-volatility-strike-the-crypto-market\/","title":{"rendered":"Massive Bitcoin and Ethereum Options Expiry: Will Volatility Strike the Crypto Market?"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Bitcoin and Ethereum Options Expiry<\/span><\/strong><span data-preserver-spaces=\"true\">: On April 5th, options contracts for 18,000 BTC and 270,000 ETH are set to expire, with a combined notional value of $2.09 billion. This event could impact market volatility and cryptocurrency prices.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Historical Context<\/span><\/strong><span data-preserver-spaces=\"true\">: Previous large options expiries have influenced market behavior, but the actual impact can vary. In December 2023, $11 billion in crypto options expired, yet the market remained relatively stable.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Current Scenario<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: Bitcoin faces pressure with a critical max pain point of $68,000, while Ethereum\u2019s max pain point is $3,400. Traders remain optimistic about Bitcoin\u2019s rebound potential, but monitoring trading volumes is crucial for Ethereum\u2019s trajectory.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">On April 5th, Bitcoin and Ethereum options contracts for 18,000 Bitcoin (BTC) and 270,000 Ethereum (<\/span><\/strong><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/what-is-ethereum\/\" target=\"_blank\" rel=\"noopener\"><strong><span data-preserver-spaces=\"true\">ETH<\/span><\/strong><\/a><strong><span data-preserver-spaces=\"true\">) are set to expire.<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0The Bitcoin options have a notional value of $1.2 billion, while the Ethereum options are valued at $890 million. This significant event could potentially lead to increased volatility in the market and affect the pricing of these major cryptocurrencies by market cap.<\/span><!--more--><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-164223\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BitcoinAndEthereumOptions.jpg\" alt=\"Massive Bitcoin and Ethereum Options Expiry: Will Volatility Strike the Crypto Market?\" width=\"887\" height=\"526\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BitcoinAndEthereumOptions.jpg 887w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BitcoinAndEthereumOptions-300x178.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BitcoinAndEthereumOptions-768x455.jpg 768w\" sizes=\"(max-width: 887px) 100vw, 887px\" \/><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Regarding the impact on market volatility, historical data suggests that large options expiries can indeed influence market behavior. For instance, a record $11 billion in crypto options expired in December 2023, but the market remained relatively stable.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Following the expiration of a massive $15 billion\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">in crypto options last Friday,<\/span><strong><span data-preserver-spaces=\"true\">\u00a0the market is now bracing for another significant event<\/span><\/strong><span data-preserver-spaces=\"true\">: the expiration of over $2 billion in options, which could clarify some of the prevailing uncertainties.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">However, it\u2019s important to note that the actual impact can vary and is influenced by multiple factors, including market sentiment and broader economic conditions. Therefore, while an increase in volatility is possible, it is not guaranteed.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Anticipating Market Movements: Bitcoin and Ethereum Options Expiry Insights<\/span><\/h2>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-164221\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BTCandETH.jpg\" alt=\"Massive Bitcoin and Ethereum Options Expiry: Will Volatility Strike the Crypto Market?\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BTCandETH.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BTCandETH-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/04\/BTCandETH-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Currently,\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/what-is-bitcoin\/\" target=\"_blank\" rel=\"noopener\"><strong><span data-preserver-spaces=\"true\">Bitcoin\u00a0<\/span><\/strong><\/a><strong><span data-preserver-spaces=\"true\">is facing pressure as 18,060 BTC options with a notional value of $1.21 billion are nearing expiration<\/span><\/strong><span data-preserver-spaces=\"true\">, and the put-call ratio stands at 0.63. The critical max pain point is at $68,000, suggesting that Bitcoin is under strain. Despite a decrease in implied volatility (IV), erratic price swings are anticipated.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Nonetheless, traders are optimistic about Bitcoin\u2019s potential to rebound to values exceeding $70,000 within this week. In the past day, the call volume for BTC, at 10,817, has surpassed the put volume of 8,076, resulting in a put-call ratio of 0.75.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">At the time of writing, Bitcoin is trading at around $67K, while Ethereum is exchanging hands at $3.280, according to\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/coinmarketcap.com\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">data\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">from CoinMarketCap.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">In parallel,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Ethereum is also approaching a crucial juncture as 270,441 ETH options with a nearly $0.89 billion notional value are set to expire.<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0The put-call ratio is a mere 0.38. The max pain point for Ethereum is $3,400, higher than its current price of $3,287, hinting at a potential decline if it doesn\u2019t surpass the max pain threshold.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Monitoring trading volumes will be essential for further insights into Ethereum\u2019s price trajectory. For Ethereum, the last 24-hour period saw a call volume of 155,690 compared to a put volume of 49,100, with the call open interest outstripping the put open interest, reflected in a put-call ratio of 0.31.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Bitcoin and Ethereum Options Expiry: On April 5th, options contracts for 18,000 BTC and 270,000 ETH are set to expire, with a combined notional value of $2.09 billion. This event could impact market volatility and cryptocurrency prices. Historical Context: Previous large options expiries have influenced market behavior, but the actual impact can vary. In &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Massive Bitcoin and Ethereum Options Expiry: Will Volatility Strike the Crypto Market?\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/massive-bitcoin-and-ethereum-options-expiry-will-volatility-strike-the-crypto-market\/#more-164204\" aria-label=\"More on Massive Bitcoin and Ethereum Options Expiry: Will Volatility Strike the Crypto Market?\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":164220,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100,70,73,74],"tags":[4602,5536,4679],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/164204"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=164204"}],"version-history":[{"count":3,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/164204\/revisions"}],"predecessor-version":[{"id":164225,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/164204\/revisions\/164225"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/164220"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=164204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=164204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=164204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}