According to CoinDesk, cryptocurrency options exchange Deribit has stated that trading activity in the Bitcoin (BTC) market may intensify in the next two days as multi billion dollar option contracts are about to expire.

Deribit CEO Luuk Strijers stated in an interview with CoinDesk:

About 20% of the BTC options that are about to expire are in the money options, and this larger expiration may exacerbate volatility or activity as traders close or transfer positions, which could also affect the price

Trading activity in the coming months may remain strong as the US Securities and Exchange Commission (SEC) approves option trading for the BlackRock Bitcoin Spot ETF (IBIT), which could accelerate institutional adoption. Strijers states:

The option of ETFs is one of the biggest potential drivers. The SEC has allowed it, but the OCC (Options Clearing Corporation) and CFTC (Commodity Futures Trading Commission) have not yet approved it, and it is unlikely to approve it this week

Strijers also pointed out that the pricing of options expiring in the coming months shows a bullish outlook. He said:

The skewness of BTC and ETH buying and selling options shows a negative value after the expiration in September, which is a bullish indicator because call options are more expensive than put options

The maximum pain point indicates potential downward pressure

The biggest pain point refers to the price level at which the option buyer suffers the maximum loss upon expiration. In traditional markets, a popular theory suggests that when an option is close to expiration, the maximum pain point price usually attracts prices closer like a magnet. This is because the option seller (usually a large institution with ample funds) will influence the spot price through trading the underlying asset, bringing it closer to the maximum pain point price and causing the buyer to bear the maximum loss.

The biggest pain point for the Bitcoin option that expires this Friday is $58000, while the current trading price for Bitcoin spot is $63800. Rick Maeda, an analyst at Presto Research, said in an interview with CoinDesk that this does create some potential downward pressure as it approaches maturity.

The maximum pain point theory has been circulating since 2021, although some people believe that the cryptocurrency options market is still relatively small and not enough to have a significant impact on spot prices.

data source

(责任编辑：理财)

• ·空气什么后天气什么作用
• ·强力新材：公司不是mate70芯片材料供应商
• ·美国CFTC专员Mersinger透露：永久加密货币期货或将在美获批交易
• ·消费凭证到底是啥？如何理解消费凭证的含义？
• ·sushi币当日价格-sushi币今日价格
• ·USDT交易平台iOS版v6.8.3下载-苹果下载USDT官方交易所2023
• ·建筑业购买原材料用什么科目
• ·埃里克·特朗普问道：“摩根大通做了什么，而 DeFi 和区块链做不到更好？”
• ·正规的币围交易平台 币围交易app正规排行
• ·风华高科收盘涨2.15%，主力资金净流入2625.16万元
• ·股票杠杆投资-股票杠杆投资.苍原资本如何注册
• ·三湘印象收盘跌0.51%，主力资金净流出3128.37万元
• ·某鲸鱼清仓TRUMP和FARTCOIN，获利20万美元
• ·瑞波币行情
• ·[币赢交易所排名第几]币交易所排名前10名
• ·BTC交易所国内版v6.0.9下载-芝麻交易所比特币交易所大陆版最新下载