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：基金专题)

• ·基金股票上折-基金股票上折价怎么算
• ·火币网bcc
• ·特朗普推动欧盟征收 50% 关税后，比特币跌破 10.9 万美元
• ·SEC专员称多数加密资产不是证券，呼吁提供更清晰指导
• ·天天基金股票开户
• ·火币的借币
• ·Pi币提现激增引发市场波动，内部抛售引发警示
• ·新建钱包转出39万枚TRUMP价值超500万美元
• ·建筑业预缴所得税是否含税
• ·冲倒什么毁坏什么
• ·云端挖矿平台
• ·债务危机担忧爆发，日本长期债券收益率创历史新高
• ·Solana Memecoin 交易量在 5 月份跃升 10 亿美元，成为市场主导
• ·sf火币
• ·Web3律师解读：香港通过的《稳定币条例草案》对中国币圈会有什么影响？
• ·以太坊ETF通过懒人包：时间、费率及影响解析