Altcoins News
By Julie Binoche
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Markets brace for impact. Over $8.72 billion in Bitcoin and Ethereum options contracts expire today, creating what traders call a make-or-break moment for crypto prices that have…
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Bitcoin dominates the expiry with 114,705 contracts worth $7.74 billion in notional value. Ethereum trails with 478,992 contracts valued at roughly $975 million.
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Both assets trade below max pain levels right now.
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Bitcoin sits at $68,052, well under its $75,000 max pain threshold where the most options expire worthless.
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Call options outnumber puts for both cryptocurrencies, though not by huge margins. Bitcoin shows 66,300 calls versus 48,405 puts, creating a put-to-call ratio of 0.73.
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Volatility tells a different story. Bitcoin's DVOL index sits at 53 with an implied volatility percentile of 87.7, signaling high volatility expectations.
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Both cryptocurrencies show contango in their term structures, with front-end volatility premiums clustering around February expiry dates.
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Despite Bitcoin's recent bounce above $60,000, market confidence remains pretty shaky. Greeks.
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And fresh capital inflows remain elusive. The lack of clear market catalysts means that despite easing fear levels, conviction in a sustained rebound stays fragile across…
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But the absence of strong demand suggests volatility may actually decrease after the expiry settles.
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Deribit remains at the center of today's expiration event as the leading cryptocurrency options exchange.
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Market participants are particularly interested in how the expiration influences spot prices across major exchanges like Binance and Coinbase.
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Greeks.live highlighted on social media that the current market environment stays marked by cautious sentiment.
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Traders will monitor market reactions to the expiration closely as the day progresses. Focus centers on how contract settlements affect volatility and whether they prompt shifts…
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The positioning below max pain levels for both Bitcoin and Ethereum could lead to strategic moves by traders aiming to capitalize on potential price corrections.
The Currency Analytics
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