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：基金优选)

• ·如果 XRP 保持主导地位且全球加密货币市值达到 40 万亿美元，XRP 的价格可能会达到什么水平？
• ·虚拟现实概念31日主力净流出123.73亿元，润和软件、欧菲光居前
• ·小花贷款审核时间是多久？审核通过后多久到账啊？
• ·美国稳定币战略：重塑美元霸权与国债市场格局
• ·上线火币网
• ·DigiAsia 宣布购买 BTC 计划，引发短期反弹
• ·FTX 前執行長 SBF 提出上訴，批評司法不公並呼籲重新審理
• ·申请公积金装修贷款要准备哪些材料？
• ·股票民族证券-民族证劵
• ·黑猫股份收盘涨5.09%，主力资金净流入2292.04万元
• ·火币网比特币提现
• ·易欧交易所官网中文网(BTC投资专业平台)
• ·什么云看什么天气
• ·哈希币最新价格
• ·区块链钱包下载-区块链钱包下载官方app
• ·什么什么过清明