$2.1 Billion in BTC and ETH Options Set to Expire Friday

Gate Research highlights a significant expiry in Bitcoin and Ethereum options, with ETH’s implied volatility reaching a yearly low and increased bearish sentiment reflected in market trades.

BTC

ETH

44d ago

Summary

Gate Research reported that $2.1 billion worth of Bitcoin (BTC) and Ethereum (ETH) options will expire this Friday. Implied volatility for BTC and ETH is at 42% and 56%, respectively, with ETH reaching a one-year low. Increased activity in short-term put options and volatility strategies shows a bearish sentiment, indicated by a negative 25-Delta Skew.

Terms & Concepts

Implied Volatility (IV): A measure of the market's forecast of a likely movement in a security's price, derived from options prices.
Put Option: A financial contract that gives the holder the right to sell an asset at a specified price before a certain date.
25-Delta Skew: An options market metric comparing prices of out-of-the-money calls and puts, indicating market bias toward upward or downward movement.