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：黄金TD)

• ·为什么美国证券交易委员会对NFT的看法是错误的？
• ·光大证券收盘涨0.81%，主力资金净流入3251.51万元
• ·由于 CME 期货缺口仍未填补，以太坊价格可能飙升至 3,200 美元
• ·Anthropic 获得 25 亿美元银行信用额度，加速人工智能领域发展
• ·网络虚拟货币投资平台
• ·idg股票
• ·大大币交易平台
• ·浙江交科收盘涨5.15%，主力资金净流入2988.11万元
• ·韩国 KBW 会后指南：从交易所到 KOL，一文掌握关键玩家
• ·比特币最早用什么软件挖矿_比特币开采首软件
• ·股票亏损卖出
• ·正泰电器收盘涨8.21%，主力资金净流出2600.79万元
• ·比特币创历史纪录：单周最高收盘价突破10.6万美元
• ·大饼近期行情走势
• ·Aethir Checker节点回购计划详解：机制亮点与用户获益分析
• ·BitMEX 创始人 Arthur Hayes 预测比特币今夏将飙升至 20 万美元