Crypto
BTC and ETH Options Expire Worth $2.52 Billion on September 11
A significant expiration event occurred on September 11 for Bitcoin (BTC) and Ethereum (ETH) options, according to Bitget. A total of 29,000 BTC options expired with a Put/Call Ratio of 0.6 and a maximum pain point of $78,000, representing a notional value of $2.24 billion.
Additionally, 114,000 ETH options expired with a Put/Call Ratio of 1.17 and a maximum pain point of $2,450, amounting to a notional value of $280 million.
The numbers reflect the substantial interest and investment in these cryptocurrencies through derivatives.