Etherwood: Bitcoin and Etherfauna Expiration, about $1.75 billion

Some $1.75 billion bitcoin and Etherwood rights expire today. Markets then focused on whether short-term fluctuations could be magnified as a result.

Bitcoin options due

Some 23,000 bitcoin options are due, with a nominal value of about $1.5 billion. The data show a drop-up ratio of 0.97 and a maximum pain point price of around $62,000.

Other Organiser

With regard to the Ether Workshop, about 140,000 options have expired, valued at about $250 million. The decline rate for the contract was 1.26 and the maximum pain point price was USD 1,700.

Market focus

Expiry events do not in themselves change the asset base, but often make spot and derivative prices more sensitive in a short period of time. The traders are watching whether there is a more visible price swing in the BTC and ETH.