Bitcoin Options Expiry to Trigger $1.3B Price Volatility Today
The crypto market is bracing for a significant options expiry event, with $1.3 billion in Bitcoin and $180 million in Ethereum contracts set to expire at 8:00 a.m. UTC today.
The put-to-call ratio for Bitcoin stands at 0.84, indicating a slightly bullish sentiment among traders, while the max pain price is $64,000, which is lower than recent trading levels.
This discrepancy could lead to a pullback if the market gravitates toward that level. Ethereum's ratio of 0.95 is nearly balanced, but its max pain price of $1,900 is also below current spot prices, hinting at potential downward pressure.
Historically, large options expiries have occasionally triggered sharp but short-lived price movements. However, the actual impact depends on how many contracts are in the money at expiry and how market makers adjust their positions.