expire

On March 17th, according to Deribit data, option contracts with over $1.19 billion BTC and $490 million ETH will expire for delivery today. The maximum pain point price for BTC is $23000; The maximum pain point price for ETH is $1550. Data: $1.19 billion BTC and $490 million ETH option contracts will expire for delivery today Analysis based on this information:According to data from Deribit, an options trading platform for cryptocurrency, on March 17th, option contracts with over $1.19 billion worth of Bitcoin (BTC) and $490 million worth of Ethereum (ETH) will expire for delivery. This expiration date is significant as it marks the end of the first quarter of the year, which tends to be a volatile period for the cryptocurrency market. The expiration of the options contracts means that traders who hold these contracts will either exercise them, allowing them to buy or sell the underlying cryptocurrency at a specified price, or let them expire worthless. This can…