Data: US $1.85 billion BTC and US $870 million ETH option contracts will expire and be delivered on February 24
On February 23, according to Deribit data, option contracts with more than 1.85 billion US dollars BTC and 870 million US dollars ETH will expire for delivery on February 24. The maximum pain point price of BTC is $22000; The maximum pain point price of ETH is $1600.
Interpretation of this information:
The message highlights the expiration of option contracts for Bitcoin and Ethereum on February 24 with a total value of more than 1.85 billion US dollars and 870 million US dollars, respectively, according to data from Deribit. The expiration of these contracts will likely have an impact on the price of Bitcoin and Ethereum, as investors tend to adjust their positions or take profits before the expiration date.
The concept of maximum pain point, also known as maximum options pain, refers to the price point where option buyers suffer the most losses, while option sellers benefit the most. In this case, the maximum pain point price for Bitcoin is set at $22,000, while for Ethereum, it is at $1,600. This means that if the price of Bitcoin or Ethereum drops below the maximum pain point, option buyers will suffer more significant losses than option sellers, resulting in a more favorable situation for option sellers.
However, it is important to note that the maximum pain point is not a guarantee of the price movement, as other factors can influence the price, such as market sentiment, news, and overall demand and supply. Therefore, it is essential to consider multiple factors before making any investment decisions.
In summary, the expiration of option contracts for Bitcoin and Ethereum on February 24 with a total value of more than 1.85 billion US dollars and 870 million US dollars, respectively, can have an impact on the price of these cryptocurrencies. The concept of maximum pain point sets the price point where option buyers suffer the most losses and option sellers benefit the most. The maximum pain point price for Bitcoin is set at $22,000, while for Ethereum, it is at $1,600.
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