On Friday this week, the encryption market will witness a massive expiration of its options. The total size of the contracts due is approximately $11.85 billion, mainly in bitcoin and Ethera. Currently, both assets are in the vicinity of critical support, and options are thus short-line variables of market concern.

Bitcoin's gonna take over.

From the data disclosed, bitcoin remains the subject of this maturity, with a nominal value of corresponding options of approximately $10.66 billion, involving approximately 162,000 BTC contracts. The size of the formula is about US$ 16.69 billion.

  • The spot price of bitcoin is about $61,750.
  • Bitcoin's maximum pain price is $72,000.
  • The current price at Taifeng is about US$1,648, with a maximum pain of US$2,000.

The maximum pain point is the area where the maximum option contract loses value near the price and where the option seller returns more. When it comes to maturity, the market is usually concerned about the convergence of prices.

BTC is focused on the $60,000 line.

According to the article, Bitcoin had previously been blocked in the vicinity of $84,000, then broke the upward trend line and lost support in the vicinity of $75,000. The current price returns to the 60,000 to 62 million United States dollars region, which is considered to be a more concentrated area of short-term demand.

If this support belt is maintained, the market will be focused on a rebound target of $68,000, followed by $75,000. If the $60,000 line continues to fail, the price may go further down to the $55,000 area.

ETH has a focus of $1600.

The Ether is also weak. The previous price was blocked in the vicinity of $2,400, which then broke the inter-month and upper support lines and fell back to the vicinity of $1600. The current 1550 to $1600 area is the most visible support belt for the ETH line.

If the region is secured, the market could re-observe the positions of $1,800 and $2,000. If the fall continues, the pressure on sales may be further increased.

Due settlement or magnifying fluctuations

This expiry of the option is of concern, inter alia, because there is still a significant distance between the spot price and the point of maximum pain. The current BTC prices are below the peak of $72,000 and ETH is below the 2000 level, indicating that derivatives are still in favour of higher price ranges.

However, the option data alone cannot determine the movement. The market direction after settlement is still affected by weak spot purchase boards, overall risk preferences and the macro environment. For short-line markets, the end of this Friday may be an important trigger for BTC and ETH fluctuations in the next phase.