Crypto Market Braces for Over $10B Bitcoin, ETH, XRP, Solana Options Expiry Today
The crypto market is bracing for over $10 billion in Bitcoin, Ethereum, XRP, and Solana options expiry today, with traders expecting huge volatility and rising uncertainty. Bitcoin and Ethereum max pain prices are below their current market prices, indicating potential downside.
The crypto market is set to witness over $10 billion in Bitcoin, Ethereum, XRP, and Solana options expiry today. Almost 106K Bitcoin options with a notional value of $8.3 billion are expiring on Deribit, with a put-call ratio of 0.98 indicating neutral sentiment. Bitcoin's max pain price is $73,000, below the current market price of $78,000. Over 575K Ethereum options with a notional value of $1.34 billion are also expiring, with a put-call ratio of 0.75 and max pain price at $2,200, below the current market price of $2,320. XRP options worth $17.25 million are expiring, with a max pain point at $1.45, above the current price of $1.43. Solana options put/call ratio and max pain are bearish.
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