Nearly $6 Billion in Bitcoin and Ethereum Options Expire Ahead of September CPI
BeInCrypto
Approximately $5.86 billion in Bitcoin and Ethereum options are expiring today, testing market resilience before key CPI data.Summary
A significant options expiry event is occurring today, October 24, with $5.86 billion in Bitcoin ($5.1 billion) and Ethereum ($754 million) contracts maturing on Deribit at 8:00 UTC. This event tests market resilience amid subdued volatility and anticipation for major macroeconomic events, including the September CPI data and the FOMC meeting. The 'max pain' points are $113,000 for BTC and $3,950 for ETH. Current put-to-call ratios suggest cautious optimism, though analysts warn that volatility could quickly resurge based on upcoming economic headlines. Historically, expiry can cause short-term price swings, but conditions usually stabilize afterward.
(Source：BeInCrypto)