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)

• ·为什么下一个山寨币季可能是有史以来最大的
• ·Binance鼎力支持，Sonic生态积分模式升级迎爆发前夜
• ·策略购买了价值 7.65 亿美元的额外比特币
• ·餐费专票可以抵扣吗
• ·比特币签名新突破：DahLIAS 引领完全恒定大小聚合签名时代
• ·比特币开始的价格
• ·元宝网众筹交易平台-元宝网众筹交易平台官网
• ·企业先开基本户还是先建帐本
• ·評價區塊鏈瀏覽器，鏈上偵探 ZachXBT 稱多個 L1 鏈仍缺乏好用的分析工具
• ·交易所自家社群-交易所自家社群怎么进
• ·机构需求、看涨期权市场预示比特币结构性强劲反弹，创下新高
• ·云南昆明是什么气候-云南昆明是什么气候类型
• ·Cardano 的时机已到，Dan Gambardello 预测 ADA 将迎来牛市
• ·公司买轿车可以抵扣增值税吗
• ·预付账款周转天数计算公式是什么
• ·开发数字货币交易所