Since the middle of June, the overall Cryptocurrency market has continued to fluctuate at a high point, led by the rise in the price of Bitcoin (BTC), due to the successive requests of traditional financial institutions for Bitcoin spot ETF applications.At present, BTC has been hitting the $31000 mark multiple times since breaking through the $30000 mark on June 21
Since the middle of June, the overall Cryptocurrency market has continued to fluctuate at a high point, led by the rise in the price of Bitcoin (BTC), due to the successive requests of traditional financial institutions for Bitcoin spot ETF applications.
At present, BTC has been hitting the $31000 mark multiple times since breaking through the $30000 mark on June 21. At noon today (30th), it also quickly rose to
After a rapid decline of $31282, the deadline is tentatively set at $30649.
Although the price of Ethereum (ETH) follows the trend of Bitcoin prices, the upward trend is weaker compared to BTC. Since mid June, it has been fluctuating between 1930 and 1830, with a provisional deadline of $1.877.
Option contracts for $2.3 billion BTC and $1.3 billion ETH will expire and be delivered on 30 days
According to Deribit data, there will be 158000 BTC options to be delivered tonight at around 12:00 Taiwan time, with a maximum pain point of $26.500 and a nominal value of approximately $4.87 billion, with a Put/CallRatio of 0.56.
Another 1.24 million ETH options are about to expire, with a maximum pain point of $1700 and a nominal value of $2.3 billion. What is the "Max Pain Price" for Put/CallRatio0.5 options?
The maximum pain point price of the option (MaxPain) | refers to the minimum profit and maximum loss for the buyer when the option expires. or
The price at which the seller has the smallest loss and the largest profit. Therefore, big sellers who sell their options have great motivation to hit the proxy price near the maximum pain point on the expiration date of the options.
Bitcoin Option Data
Ethereum Option Data
The contract value is 1.75 times that of the same period
It is worth noting that, according to Luuk Striiers, Deribit's business chief, although there are usually large-scale maturities and deliveries in June, this delivery has particularly attracted market attention due to the recent significant rise in Bitcoin and the key point around the $30.000 price.
(Personal thoughts, not as investment advice)
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