Crypto Options Expiry: $6.1B Bitcoin and Ethereum Contracts Dey Set to Expire Amid Mixed Signals
Dis crypto options expiry dis Friday go see $6.1 billion worth Bitcoin and Ethereum contracts expire inside Deribit. Bitcoin options be about 40,000 contracts wey value $4.8 billion, with put/call ratio of 0.90 and peak open interest for di $140,000 and $120,000 strikes. Ethereum options na around 287,000 contracts worth $1.3 billion, put/call ratio 1.0 and max pain near $3,600. Spot markets rise reach record $4.25 trillion cap, wey get support from one-day Deribit volume of $10.9 billion plus Binance futures volume of $2.55 trillion for July. After di expiry, total market capitalization drop 4% go $4.1 trillion as BTC fall below $118,000 and ETH slide under $4,500 before some recovery. Dis crypto options expiry event show balanced flows and profit taking, wey mean neutral impact for near-term price trends and still dey give liquidity events for active traders.
Neutral
Both summary dem show say big $6.1 billion crypto options expiry dey split between BTC and ETH, with balanced put/call ratios and high open interest for key strikes. Before expiry, spot market capitalization rally and record derivatives volume happen, then small 4% pullback show say na profit-taking instead of directional breakout. The even spread of bullish and bearish bets mean short-term price no get strong momentum, but the expiry size fit create liquidity events wey fit cause volatility without clear uptrend or downtrend.