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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.

lectertodd03/05/20241 Mins read87

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.

BTC and Ether Options: $2.4 Billion Worth of Options Expected to Expire on May 3 1

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.

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Lectertodd is 25 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.