ChainCatcher report, according to macro analyst Adam of Greeks.live, today is the quarterly options expiration date, with large volumes of Bitcoin (BTC) and Ethereum (ETH) options expiring. BTC options expiring total 68,000 contracts, with a notional value of approximately $13 billion; the maximum pain point is $74,000, and the put/call ratio (PCR) is 0.56. ETH options expiring total 370,000 contracts, with a notional value of approximately $2.12 billion; the maximum pain point is $2,250, and the PCR is also 0.56. Approximately 36% of BTC and ETH options are expiring today, with significant rollover activity this week—peaking at over 40% of total open interest. Additionally, due to this major expiration day, the proportion of calls is high, resulting in a low PCR of only 0.56.
BTC and ETH options quarterly expiry notional value exceeds $15.1 billion
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Summary
BTC update: The quarterly options expiry for Bitcoin and Ethereum took place today, with a combined notional value exceeding $15.1 billion. Bitcoin options saw 68,000 contracts expire with a notional value of approximately $130 billion, while Ethereum options saw 370,000 contracts expire with a notional value of $21.2 billion. The put/call ratio (PCR) for both assets was 0.56.
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