Over $11 Billion in Bitcoin Options Expiring This Week as Crypto Market Awaits ETF Approvals
• Over 178,000 Bitcoin options contracts, worth $7.6 billion, are expiring on Dec 29 according to Deribit. With other exchanges, total is $11 billion.
• Put/call ratio is 0.67, meaning more call options expiring than puts. Max pain point is $43,000.
• Total crypto options market more mature this year with more institutional investors and wider range of strategies.
• 1.49 million Ethereum contracts also expiring, worth $3.47 billion, with 0.51 put/call ratio.
• Bitcoin and Ethereum prices retreating slightly but remain range-bound ahead of anticipated ETF approvals in January.