Citing AMBCrypto, the cryptocurrency market is experiencing increased volatility following the expiry of significant Bitcoin (BTC) and Ethereum (ETH) options contracts. On December 20th, 21,000 BTC options expired with a notional value of $2.04 billion, and 173,000 ETH options expired with a notional value of $590 million. The Put-Call Ratios for Bitcoin and Ethereum were 0.87 and 0.5, respectively, indicating a bullish sentiment among traders. Despite this, both cryptocurrencies are trading below their max pain points, with Bitcoin at $95,202.42 and Ethereum at $3,289.44. The market has seen a decline, with Bitcoin's price dropping by 6.41% in the past 24 hours and Ethereum's by 10.50%. Analysts anticipate potential recovery as the market adjusts post-expiry. The expiration of over 40% of crypto options by year-end is expected to reduce implied volatility, making options trading more affordable.
BTC & ETH Options Expiry Causes $2.63B Market Volatility Amid Pullback
KuCoin NewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.