CandleFocus Market Awaits Impact of Nearly $3 Billion Bitcoin and Ethereum Options Expiring Today
2024-12-13
Author: Content Editor
Friday marks the expiration day for nearly $3 billion worth of Bitcoin (BTC) and Ethereum (ETH) contracts. This often leads to price volatility, prompting traders and investors to closely monitor developments. Deribit reports that 20,815 Bitcoin contracts, worth $2.077 billion, are set to expire, with a put-to-call ratio of 0.83, indicating more selling of long contracts than short contracts. The maximum pain point for Bitcoin is $98,000. Additionally, 164,330 Ethereum options contracts, valued at nearly $644 million, will expire, with a put-to-call ratio of 0.68. Market makers are beginning to adjust positions ahead of the Christmas season and annual deliveries. The market has seen corrections this week, raising questions about a potential Christmas rally. Market makers are taking a more cautious approach amid sharp market fluctuations. US inflation rising to 2.7% in November complicates the path for sustained monetary easing by the Fed.
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