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：商业观察)

• ·美国游客称在伦敦乘坐假 Uber 后被盗，价值 12.3 万美元的比特币和 XRP
• ·10月31日诺安研究精选股票净值增长0.83%，近3个月累计上涨13.56%
• ·火币提现
• ·稳定币数据洞察：总市值突破 2,320 亿美元，钱包等基础设施日益完善
• ·广发铂涛旅行信用卡一般批多少额度啊？
• ·10月31日鹏华优选回报混合A净值下跌1.08%，今年来累计下跌8.74%
• ·脑钱包虚荣钱包
• ·10月31日华富量子生命力混合C净值增长0.55%，近3个月累计上涨18.26%
• ·代收代付差价收入的账务处理怎么做
• ·bth币怎么获得 bth币怎么样
• ·共绘MEA新金融蓝图，新加坡 “The Last Gold Mine of Web3”峰会圆满收官
• ·保险到期了，我该续保原来的保额吗？
• ·收入与成本不匹配的原因是什么
• ·10月31日中欧盛世成长混合(LOF)C净值增长0.57%，近3个月累计上涨15.17%
• ·股权激励会计怎么处理
• ·meme币交易所下载官方app下载 meme币最新版下载ios