CDS Crypto News BTC and Ether Options: $2.4 Billion Worth of Options Expected to Expire on May 3
Crypto News

BTC and Ether Options: $2.4 Billion Worth of Options Expected to Expire on May 3

BTC and Ether options will expire today.

376
Btc And Ether Options: $2.4 Billion Worth Of Options Expected To Expire On March 3

Crypto News – On May 3, contracts worth a combined $2.4 billion in Bitcoin and Ether options are scheduled to expire; this could cause market volatility to rise.

BTC and Ether Options: $2.4 Billion Worth of Options Expected to Expire on May 3

Short-term price volatility in the spot cryptocurrency market has generally followed the expiration of options contracts. In the last few weeks, there has been bearish pressure on both Bitcoin and Ether.

23,367 Bitcoin contracts totaling $1.39 billion are scheduled to expire on May 3. The put-to-call ratio for Bitcoin options contracts is currently 0.5, with a maximum pain point of $61,000, according to data from the Deribit exchange. The price at which the asset will result in financial losses for the largest number of holders is known as the maximum pain point.

In a similar vein, 334,248 Ether contracts totaling $1 billion in notional value are scheduled to expire on Friday. The maximum pain point of these expiring contracts is $3,000. They also feature a put-to-call ratio of 0.37.

Btc And Ether Options: $2.4 Billion Worth Of Options Expected To Expire On May 3 187342
Written by
lectertodd

Lectertodd is 28 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.

Related Articles

Bitcoin Price Predictions: Can BTC Hit $126K by June?

Bitcoin's price remains cautiously stable around $80,000, with experts predicting a potential...

Cardano in the Red: Can ADA Break Through Resistance Amid Market Fear?

Cardano (ADA) struggles with resistance levels as Bitcoin declines; key support zones...

Treasury Secretary Bessent: Market Corrections Are Healthy, Signaling No Immediate Policy Intervention

U.S. Treasury Secretary Scott Bessent downplayed concerns over recent asset market declines,...

Bank of Korea’s Stance on Bitcoin and Foreign Exchange Reserves

South Korea's central bank rejects Bitcoin as part of foreign exchange reserves...