Deribit is preparing for the expiration of approximately $2.5 billion in crypto options, split between Bitcoin and Ethereum, scheduled for April 4, 16:00 Beijing Time.
This event could significantly influence Bitcoin’s and Ethereum’s price dynamics amid recent market shifts.
Deribit, a significant player in the cryptocurrency derivatives market, is poised for a substantial options expiry event, involving $2.16 billion in Bitcoin (BTC) options and $371 million in Ethereum (ETH) options. The action is set for April 4, 16:00 Beijing Time.
The expiry is expected to impact the market as the maximum pain point for Bitcoin is $85,000 and for Ethereum, it is $1,850. As these points dictate the level of loss minimization traders aim for, price adjustments could follow.
Did you know? Historically, options expiry events have often resulted in prices aligning with maximum pain points as traders seek to mitigate financial losses, reflecting repeating behavioral patterns in responses to market volatility.
Bitcoin’s current trading metrics, as reported by CoinMarketCap, show a price of $82,658.25, with a market cap of $1.64 trillion and a 24-hour trading volume down by 14.24% at $38.84 billion. Its price has decreased 0.16% over the past 24 hours, indicating a consistently bearish trend.
The Coincu research team points to potential volatility in the coming days, based on historical patterns and option expiry impacts, suggesting traders remain vigilant in adjusting their positions to navigate through these brief flux periods effectively.
