Deribit data: notional value of nearly 7 billion USD in BTC and ETH Options will expire in the afternoon.

On August 1, the market will face the expiration of nearly 7 billion USD in BTC and ETH Options at 16:00 Beijing time.

According to the latest data from Deribit, as of today at 16:00, the total open interest of Bitcoin (BTC) options reached 48,618 contracts. The total open interest of Ethereum options is 375,192 contracts.

Among them, the open interest for Bitcoin call options is 27,181 contracts, while for put options it is 21,437 contracts, resulting in a put/call ratio of 0.79. The notional value of the corresponding contracts is nearly $5.616 billion, with the current maximum pain price for BTC being $117,000.

The open interest for Ethereum call options is 197,040 contracts, while the open interest for put options is 178,152 contracts, with a Put/Call Ratio of 0.90, corresponding to a notional value of 1.376 billion USD, and the current maximum pain price for ETH is 3,550 USD.

In summary, based on the Put/Call Ratio of the options market, current market participants generally have a bullish expectation for BTC Options and ETH Options in the short term.

In summary, the expiration of nearly $7 billion in options today may exacerbate short-term volatility in the cryptocurrency market, especially being wary of the psychological game of the "maximum pain price."

Investors are advised to pay attention to changes in positions and the trends of block trades, as this also provides key clues for predicting the market trends in the next phase.

After all, in the options market, the expiration date is not the end of the game, but the beginning of a new round of competition.

#Deribit # Options expiration #比特币 # Ethereum