A batch of 190,000 Ethereum options will expire today. These have a max pain point of $1,600 and a notional value of $290 million.
Furthermore, the Ethereum contracts have a put/call ratio of 0.71, which means more calls are being sold than puts as ETH remains bearish.
Ethereum Price in USD 1M Chart.
This week’s options expiry event is unlikely to shake spot markets, which have declined $54 billion over the past seven days.
Total capitalization is currently $1.08 trillion, with very little movement over the past 24 hours. However, sentiment and direction remain bearish, so there could be further losses over the weekend.
Personal opinion:
Personally I think that the market will not even notice and that this new is already priced in.
Source: https://ailtra.ai/bitcoin-options-expiry-crypto-markets/
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