Summary
TLDR: 18,000 Bitcoin and 270,000 Ethereum options are set to expire with a notional value of $1.2 billion and $890 million. Bears dominate the crypto options market with Bitcoin and Ethereum showing signs of weakness. Traders should monitor the situation closely to avoid unwanted stop-loss orders or poor trading decisions. The impact of option expiration on the underlying asset’s price is expected to be short-term.
Key Points
1. On April 5, 18,000 Bitcoin (BTC) and 270,000 Ethereum (ETH) options will expire, with notional values of $1.2 billion and $890 million, respectively.
2. Bears currently dominate the crypto options market, with Bitcoin’s Put Call Ratio at 0.64 and Ethereum’s at 0.8. The maximum pain points for Bitcoin and Ethereum are $68,000 and $3,400, respectively.
3. The impact of option expiration on the underlying asset’s price is short-term, and traders should closely monitor the situation to avoid unwanted stop-loss orders or poor trading decisions.