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：经济时评)

• ·继美国GENIUS之后，香港通过的稳定币法案有何新看点？
• ·xrp价格今日行情价格-xrp今日最新价格
• ·市值最大的隱私幣 Monero（XMR）竟然可被追蹤？官方如何回應
• ·bcc在哪个平台-bcc在哪购买
• ·neo币现在价格
• ·宜人贷满标后会失败吗？会不会不给我放款啊？
• ·智能合约平台eos-智能合约平台
• ·「Web3 Connect: Hong Kong and the World」活动成功举办！共同探讨稳定币政策和发展
• ·知产链ico价格-知产链ipc最新消息
• ·以下是柴犬价格达到 0.0023 美元或 0.047 美元的预测时间表
• ·不是 ECDSA，也不是 Schnorr。来认识一下 DahLIAS。
• ·海瑞康股票-海瑞康股票价格
• ·Zeus 通过 Cashu Ecash 集成重新定义比特币钱包的未来
• ·现在最高股票
• ·btc交易行情软件
• ·比特币长期持有者是否开始大规模抛售？链上数据分析揭示真相