Bitcoin, ETH, XRP, SOL Max Pain Price as $4B Options to Expire
The post Bitcoin, ETH, XRP, SOL Max Pain Price as $4B Options to Expire appeared on BitcoinEthereumNews.com. Bitcoin, Ethereum, XRP, and Solana traders brace for today’s over $4 billion in crypto options expiry. Traders anticipate short-term volatility in the broader crypto market. The event could cause the market cap to drop below $3 trillion once again ahead of next week’s FOMC rate decision. BTC, ETH, XRP, and SOL prices slip amid $270 million in crypto liquidations. In addition, 10-year US Treasury yields, Japan’s long-term government bonds, and gold prices are rising again, increasing selling pressure on Bitcoin price. $3.4 Billion Bitcoin Options Expiry According to Deribit data, more than 36K BTC options with a notional value of $3.5 billion expire on December 5, with a put-call ratio of 0.92. In the last 24 hours, call volume remains higher than put volume with a put-call ratio of 0.76. It indicates a neutral stance among traders. Moreover, max pain price is at $91,000, lower than the current Bitcoin price of $92,261. This shows a high odds of a pullback, with traders adjusting their positions in readiness for intense volatility ahead of “triple witching” options expiry later this month. However, Deribit delta data shows a high probability of expiring above $91,000 strike price. BTC ATM implied volatility is noted as falling ahead of options expiry. Bitcoin Options Open Interest. Source: Deribit Glassnode said, “At $93K, price remains highly sensitive to macro shocks until the market can reclaim the 0.75 quantile ($95.8K) and then the 0.85 quantile (~$106.2K).” Ethereum Options with $667 Million in Notional Value to Expire Over 210K ETH options with a notional value of $667 million are set to expire. The put-call ratio is 0.78. However, put volume has exceeded call volumes over the last 24 hours, with a put-call ratio of 1.42, which is extremely bearish. Also, the max pain point is at $3,050, above the current…