$4.8 Billion Bitcoin and Ethereum Option Expires! How Will BTC and ETH Price Be Affected?
Bitcoin Ethereum $4.8 Billion Bitcoin and Ethereum Option Expires! How Will BTC and ETH Price Be Affected? 1 minuto ang nakalipas Balita ng Ethereum ng Bitcoin As Bitcoin approached the $26,000 mark with a 2.06% drop in the last 24 hours, investors focused on Bitcoin (BTC) and Ethereum (ETH) options that will expire this week. According to Coindesk, at 08:00 UTC on Friday, a total of 1,217 million BTC and ETH option contracts worth $4.8 billion will expire on leading crypto options exchange Deribit. Commenting on BTC and ETH option expiration, Deribit official Luuk Strijers said: Usually the most important period in terms of volume and value is the last quarters. At this point, for example, a total of $5.2 billion of options expired last March and a total of $5.4 billion in June. The current quarter remains consistent with previous quarters in 2023. This September, the $3 billion BTC option and $1.8 billion ETH option will expire and the Max Pain Point level will be close to current price levels. What is “Maximum Pain Point”? The “Maximum Pain Point”, which is the price level that will cause the most loss for option buyers and the most gain for option sellers, was recorded as $ 26,500 for BTC and $ 1,580 for