Over $2.5B Bitcoin and Ethereum options expire on Valentine's Day
Over $2.5 billion in Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH) options contracts are set to expire today, potentially leading to increased market volatility.
The expiration event occurs amid ongoing influence from macroeconomic events.
Around 21,362 Bitcoin options contracts, with a notional value of $2.07 billion, are set to expire.
The put/call ratio is 0.66, indicating more purchase options (calls) than sales options (puts).
The "max pain" price for Bitcoin options is $98,000.
Simultaneously, 176,742 Ethereum contracts, with a notional value of $479.01 million, are expiring.
The put-to-call ratio for Ethereum options is 0.64, with a maximum pain of $2,725.
This week’s options expiry event is smaller than the $3.12 billion expiry the previous week, which was attributed to US President Donald Trump’s tariffs.
According to Greeks Live, market sentiment has been weak, with implied volatility falling to its lowest level in almost a year.
"Since BTC effectively fell below the $100,000 mark, options majors have been consistently selling short- and intermediate-term calls," Greeks.live shared.
They added institutions view February as a 'junk time,' potentially impacting trading volumes and market prices.
Prices may move toward the "max pain" level as expiration approaches.
Price pressure is expected to ease after 08:00 UTC when Deribit settles the contracts, though the scale of expirations could still cause volatility.
At the time of reporting, the Bitcoin (BTC) price was $97,015.32, and the Ethereum (ETH) price was $2,700.73.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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