Markant major event in the crypto market: Over $ 14 billion in Bitcoin and Ethereum options are faced with decay-dealers expect massive price movements!

<p> <strong> Markant major event in the crypto market: Over $ 14 billion in Bitcoin and Ethereum options are faced with decay-dealers expect massive price movements! </strong> </p>

Bitcoin and Ethereum options: over $ 14 billion on the expiry day

Today, Bitcoin and Ethereum options with a total value of over $ 14 billion expire. Traders expect strong movements around this decay day in the markets. While Bitcoin (BTC) shows a bullish tendency, Ethereum (ETH) remains more reserved. It will be crucial how the market behaves immediately after decay.

decay of $ 14.21 billion in options

The nominal value of the Bitcoin options that expires today is $ 12.075 billion. According to data from Deribit, 139,260 Bitcoin options expiring have a put-call ratio of 0.49. This ratio indicates an overhang of purchase options (calls) compared to sales options (PUTS). The maximum pain point for these options is $ 85,000, which is the course in which most owners suffer financial losses.

In addition to Bitcoin, 1,068,519 Ethereum options also expire, the nominal value of which is USD 2.135 billion. These options have a put-to-call ratio of 0.39 and have a maximum pain point of $ 2,400

Compared to the previous week, the number of expiring Bitcoin and Ethereum options is considerably higher. According to reports of BeinCrypto, the BTC and ETH options expired last week were 21,596 or 133,447 contracts, with nominal values ​​of USD 1.826 billion and $ 264.46 million

The significant difference in the numbers is due to the fact that the options that run today are month and quarterly options. Since today is the last Friday in March, the options on Deribit run out on Fridays, which corresponds to traditional practice on the financial markets and offers dealers a consistent schedule.

implicit volatility before the quarterly option decline

With today's option, the first quarter of the option sales end. Analysts from Deribit observe the implicit volatility curves (IV) for BTC and ETH, which display the market expectations for price fluctuations.

The Bitcoin volatility curve shows a strong upward trend, since calls are significantly higher than Puts. In contrast, the flatter volatility curve from Ethereum indicates a lower tendency to direction, but still shows increased volatility. This indicates to be expected price movements about the expiry date of the options.

If you look at the current market mood, there is a careful bearish outlook that dominates the investor perspective for Bitcoin. Analysts believe that most traders expect a renewed test of lower price levels by $ 84,000 to 85,000. Bitcoin is currently being traded at $ 85,960, which indicates a possible short -term downward movement. However, some retailers notice that Bitcoin is in a tight trading pattern, which indicates limited volatility as long as there is no breakout.

Important resistance levels that are observed are $ 88,400, where significant passive sale has been observed, and potential support at $ 77,000.

The analysts of Greeks.Live indicate that the implicit volatility is under pressure due to the quarterly delivery, which indicates possible trading opportunities for dealers who want to exploit these fluctuations.