Controlling a large portion of the crypto options market DeribitAccording to the latest data from , around $1.07 billion worth of Bitcoin (BTC) was in circulation on September 6 $57,013.95 and Ethereum (ETH) 
$2,405.88 The expiration of weekly options, scheduled to expire at 11:00 GMT, could trigger significant market volatility as investors focus on key price levels, also known as ‘maximum pain points’.
$780 Million in Options Expiring in Bitcoin, $290 Million in Ethereum
First of all, tomorrow is the biggest cryptocurrency Bitcoin The options with a face value of $780 million are set to expire. The call/put ratio for these options is 0.90, indicating that investors are choosing to put rather than buy. The maximum pain point, which indicates the price level at which most options will expire worthless, is $59,000. This level is extremely important as it represents the price at which option sellers will maximize their profits and can be a trigger for potential price movements as the expiration date approaches. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
On the other hand tomorrow Ethereum options worth $290 million are set to expire. The call/put ratio for ETH options is 0.65, which is lower than the call/put ratio for Bitcoin options. The ratio indicates that there is more interest in call options, and investors are BTCCompared to ETHreveals that it expects a further rise in general.
The maximum pain point for Ethereum options is at $2,550. As with Bitcoin, this level can act as a magnet, pulling the price toward itself as expiration approaches.
They May Cause Volatility in the Cryptocurrency Market
As expiration approaches, the cryptocurrency market can see volatility as traders adjust their positions in response to options expiring. For now, the call/ask ratios and maximum pain points provide insight into current market sentiment, with both BTC and ETH betting on higher prices compared to current prices.
Experts warn that expiration of Bitcoin and Ethereum options, where significant amounts are at stake, could trigger sharp price movements in the short term. Therefore, those who will take new positions in the market or have already taken them should prepare themselves for potential market fluctuations.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
