- On January 26, Deribit will host the expiration of options contracts for Bitcoin and Ethereum, with a combined value of $5.8 billion.
- The maximum loss point for these contracts is $41,000 for Bitcoin and $2,300 for Ethereum.
- Despite the large value of the contracts, experts are not expecting significant volatility or shocks in the market.
According to a tweet from Deribit, the options contracts for Bitcoin have a value of $3.75 billion, while the contracts for Ethereum are valued at $2.07 billion. The put/call ratio for Bitcoin is 0.52 and for Ethereum is 0.31, indicating a higher prevalence of long positions.
Deribit’s commercial director, Luuk Stryers, confirmed the bullish sentiment, stating that there is a low risk of significant fluctuations in the market. The volatility index (DVOL) for Bitcoin and Ethereum is currently at 46.2% and 47% respectively.
The DVOL index for Bitcoin reached a peak in early January, coinciding with the approval of spot Bitcoin ETFs. Since then, the indicator has been decreasing. Bitcoin is currently trading around $40,000, while Ethereum is trading at $2,207. Both prices are below the maximum loss point of the options contracts.