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：金店)

• ·解读 Intent asset ：Web3 版余额宝，闲置资产的新革命
• ·怎么对接以太坊 怎么对接以太坊交易平台
• ·储备证明应该成为比特币财务公司的标准
• ·门罗轻钱包-门罗币轻钱包
• ·Robinhood上市引发MOODENG与MEW暴涨：后市走势及风险分析
• ·PA日报 | 美联储将于周四凌晨2:00公布利率决议；Token2049在新加坡举办Vitalik、Hayes等嘉宾发表演讲
• ·比特币07价格
• ·神秘地址豪掷500万美元加码Solana链上Meme币
• ·稳岗返还用于生活补助的会计分录是什么
• ·币众筹怎么赚钱
• ·无形资产可回收金额大于账面价值怎么处理
• ·商业地产商各显其能 腰部及底部企业突围难度较大
• ·4 张图了解美国降息下比特币的价格趋势
• ·第一年购车需要买哪些车险呢？求科普。
• ·Yield Guild Games 推出 YGG Play，并在 Abstract 上首次推出“LOL Land”
• ·全方位了解欧艺交易所，OK官网下载、安全性评古与交易体验