Crypto Market Movers
By Steven Anderson
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Understanding the Deribit Options Expiry. Deribit, the world’s leading crypto options exchange, regularly hosts large-scale expiries that…
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Max Pain Levels: $114,000 for BTC and $4,100 for ETH. The concept of “max pain” — the price point where the majority of options holders lose the most…
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Institutional Traders Dominate the Event. Institutional traders are the main drivers behind this expiry event.
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The “Pinning Effect” and Market Psychology. Large-scale expiries often introduce what analysts call the “pinning effect.
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Broader Market Conditions. The timing of this expiry coincides with a cautiously optimistic sentiment in global financial…
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Analysts Weigh In. Analysts remain divided on the short-term impact of the expiry.
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What Comes Next. Following the expiry, traders will shift focus to November’s macro events — notably the Federal…
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The crypto derivatives market is gearing up for one of the most significant expiries of the quarter, as Bitcoin (BTC) and Ethereum (ETH) options worth nearly $16.
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Deribit, the world’s leading crypto options exchange, regularly hosts large-scale expiries that influence market sentiment and price movements across Bitcoin and Ethereum.
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This particular expiry involves 127,000 BTC options and ETH options worth $2.56 billion, collectively valued at $16.98 billion in notional terms.
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According to data from Deribit, the put/call ratios for both BTC and ETH are almost balanced, indicating that traders are equally distributed between bullish and bearish positions.
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The concept of “max pain” — the price point where the majority of options holders lose the most money — plays a crucial role in understanding potential price behavior during…
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Historically, prices of assets tend to gravitate toward these max pain levels as expiries approach, a phenomenon known as “options pinning.
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As of early trading hours on October 29, Bitcoin is trading at $112,930, about 1% below its max pain point, while Ethereum hovers near $4,080.
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Institutional traders are the main drivers behind this expiry event. These participants typically use options contracts for sophisticated hedging strategies rather than direct…
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