Pro traders close Ethereum longs even after today’s $1.15B options expiry
Data shows pro traders who bought the Ethereum price dip below $1,600 are now booking profits even though today’s $1.15 billion options expiry was uneventful. Ether (ETH) rebounded from a $1,550 low on March 24, which marked a 17% fall from the $1,870 weekly high. Even though the $1.15 billion options expiry in the early hours of March 26 could have pressured Ether price, the continuing surge in gas fees for Ethereum transactions likely played a part.To better assess these forces, one should analyze top traders' exposure using data provided by the largest crypto exchanges. If the case for....
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Ethereum bulls may have flipped $2,400 back to support, but Friday’s ETH options and futures expiry will determine if traders press the pedal for $3,000. The May 28 futures and options expiry could be a turning point for Ether (ETH), as the cryptocurrency rebounded 60% from its $1,730 low on May 23. Even though the open interest stands at $6.2 billion, only 16% is set to expire on Friday, as most of the action takes place on perpetual and June contracts.One must account for the options expiry, as it could present an imbalance of forces. This feature is not true for futures markets, where....
As over $4 billion in BTC options contracts stand to expire, most options traders will feel “max pain,” while options writers could gain. What’s interesting about this particular options expiry is that the current max pain price for the expiry is $54,000, which is very close to the current trading price. The max pain price is the price at which most options are rendered worthless, thus leading to the loss of the option premium for the options holders. Although, in this situation, options writers stand to gain.On April 29, over $4.2 billion worth of Bitcoin (BTC) options contracts will....
Even though cryptocurrency traders have been exuberant over the price rise, a number of analysts are focused on the large bitcoin and ethereum options expiries set to end before Halloween. Data from Skew.com shows $750 million in Bitcoin options is set to expire and prices could get volatile. The price of bitcoin (BTC) touched an all-time 2020 high at $13,490 on Tuesday across global exchanges. The price spiked when the news leaked about Southeast Asia’s largest bank DBS launching a digital asset exchange. Despite the major price climb this month, bitcoin and ethereum markets are....
Up to $1.15 billion worth of Ether options are set to expire on March 26, and data suggests bullish traders may make a show of force after the expiry. Over the past two months, the open interest on Ether (ETH) options increased by 50% to reach $3.1 billion, with ETH price gaining 44% in that time period. Ether's price appreciation and the rising options open interest has resulted in a potentially historic $1.15 billion expiry set for March 26.Ether options aggregate open interest. Source: CryptorankMost exchanges offer monthly exposures, although a few also hold weekly options for....
Bulls and bears are equally nervous about the possible outcome of the June 25 $1.5 billion Ethereum options expiry. On June 25, Ether (ETH) will face its largest options expiry in 2021 as $1.5 billion worth of open interest will be settled. This figure is 30% larger than March's 26 expiry, which took place as Ether price plunged 17% in 5 days and bottomed near $1,550. However, Ether rallied 56% after March's options expiry, reaching $2,500 within three weeks. These moves were completely uncorrelated to Bitcoin's (BTC). Therefore, it is essential to understand if a similar market structure....