- On January 26, Deribit will host the expiration of options on Bitcoin and Ethereum.
- The value of the contracts is $3.75 billion and $2.07 billion, with a maximum loss point of $41,000 and $2,300.
- The general situation on the market, as well as the volatility index, indicate a low risk of significant fluctuations, the expert noted.
On January 26, 2024, the Deribit exchange will host the expiration of options contracts for Bitcoin and Ethereum for a total amount of $5.8 billion. However, experts do not expect significant shocks.
The value of contracts for Bitcoin is $3.75 billion, for Ethereum — $2.07 billion. The maximum loss point for positions is $41,000 and $2,300, respectively.
The put/call ratio is 0.52% and 0.31%. It is important to note that an indicator below one indicates a prevalence of long positions and bullish sentiment.
This sentiment was confirmed by Deribit’s commercial director Luuk Stryers in a comment to CoinDesk:
It should be noted that the volatility index (DVOL) in the Bitcoin market exceeded the historical indicator in the period from January 9 to January 11, 2024. This was when spot Bitcoin ETFs were approved and trading began in this position.
Since then, the indicator has been declining. At the time of writing, the DVOL index for Bitcoin is 46.2%, and for Ethereum it is 47%. On January 23, 2024, Bitcoin fell below $39,000.
Currently, Bitcoin is trading around $40,000, while Ethereum is at $2,207. It is worth noting that both positions are below their maximum loss point.