BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

$2.4 Billion in Bitcoin and Ether Options Set to Expire, Potentially Spiking Volatility

Matoy by Matoy
May 3, 2024
in BREAKING NEWS, CRYPTO, INVESTING
Reading Time: 3 mins read
1
SHARES
22
VIEWS
Share on XShare in TelegramShare on Reddit
  • Bitcoin and Ether options contracts worth a combined $2.4 billion are due to expire on May 3, raising expectations for increased market volatility.
  • The put-to-call ratio for these options suggests a bullish sentiment for Bitcoin and a more bullish outlook for Ether.
  • Historical trends indicate that the expiry of such large volumes of options may lead to short-term price fluctuations in the crypto market.

This May 3, the cryptocurrency market is bracing for potential turbulence as $2.4 billion worth of Bitcoin and Ether options approach their expiry date. These options, which are derivative contracts that allow investors to bet on the future price movements of these cryptocurrencies without directly owning them, are split between Bitcoin and Ether contracts valued at $1.39 billion and $1 billion respectively.

Understanding the Market Sentiment

Options are divided into two categories: calls, which allow the purchase at a predetermined price, and puts, which allow the sale. The sentiment in the options market can often be gauged by the put/call ratio. Currently, the put-to-call ratio for Bitcoin options on Deribit is 0.5, indicating a bullish sentiment, as more traders are betting on the price going up rather than down. The maximum pain point for these Bitcoin options is pegged at $61,000, suggesting that the largest number of option holders would incur financial losses if prices settle around this level at expiry.

For Ether, the sentiment is even more bullish with a put-to-call ratio of 0.37, pointing to a strong optimism among traders regarding future price movements. The maximum pain point for Ether is set at $3,000.

Potential Impact on Market Prices

The impending expiry of such significant volumes of options is likely to induce short-term price volatility in the spot markets for Bitcoin and Ether. Historically, the expiry of options has led to erratic price movements, often culminating in substantial price corrections or rallies shortly after the options expire.

In the weeks leading up to this expiry, both Bitcoin and Ether have faced downward pressure, with Bitcoin falling below $60,000 and Ether dipping below $2,900. These movements reflect a broader market correction following recent highs.

Looking Ahead

As the market approaches the expiry date, traders and investors should prepare for potential price swings and adjust their strategies accordingly. While the expiry could exacerbate short-term volatility, it also often clears the way for more stable price action in the days following the event.

Given the current bullish signals from the options market, particularly for Ether, stakeholders will be closely monitoring how these dynamics play out in shaping market trends in the near term.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BitcoinEther
TweetShareShare
Matoy

Matoy

If Matoy is not busy looking at the latest Web3 news, he's always in the kitchen cooking delicious meals for his family. He's also a competitive fighting game player and a car enthusiast

DON'T MISS THESE! HOT OFF THE PRESS

Here is What Aave’s CEO Just Revealed About the Q4 2025 Upgrade
CRYPTO

Here is What Aave’s CEO Just Revealed About the Q4 2025 Upgrade

September 17, 2025
How to Go From Zero to Your First Profitable Trade in Crypto (2025)
BITCOIN

How to Go From Zero to Your First Profitable Trade in Crypto (2025)

September 17, 2025
What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News
CHAINLINK

What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News

September 17, 2025
What is Arbitrum? Why ARB is an Underpriced Crypto Gem Hiding in Plain Sight
CRYPTO

What is Arbitrum? Why ARB is an Underpriced Crypto Gem Hiding in Plain Sight

September 17, 2025
Here is Why Experts Predict a 40X Rally for Pepe Coin After $25M Whale Outflow
CRYPTO

Here is Why Experts Predict a 40X Rally for Pepe Coin After $25M Whale Outflow

September 17, 2025
Here is Why SUI Could Soar 200% on Google Cloud Partnership and ETF Buzz
CRYPTO

Here is Why SUI Could Soar 200% on Google Cloud Partnership and ETF Buzz

September 17, 2025
Load More

Related News

Here is What Aave’s CEO Just Revealed About the Q4 2025 Upgrade

Here is What Aave’s CEO Just Revealed About the Q4 2025 Upgrade

September 17, 2025
How to Go From Zero to Your First Profitable Trade in Crypto (2025)

How to Go From Zero to Your First Profitable Trade in Crypto (2025)

September 17, 2025
What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News

What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News

September 17, 2025
Jerome Powell October Rate Decision Outlook: What to Expect and How it Will Effect You

Jerome Powell October Rate Decision Outlook: What to Expect and How it Will Effect You

September 17, 2025
What is Arbitrum? Why ARB is an Underpriced Crypto Gem Hiding in Plain Sight

What is Arbitrum? Why ARB is an Underpriced Crypto Gem Hiding in Plain Sight

September 17, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews