The Block Crypto News24 minutes ago

Published on April 24, 2024 15:16 GMT+00:00edited on April 24, 2024 15:19 GMT+00:00

Approximately $9.4 billion in cryptocurrency options are set to expire this Friday on the Deribit derivatives exchange.

The majority of the options set to expire are bitcoin contracts, with a notional value of $6.35 billion.  The put-call ratio ahead of Friday's end-of-month expiry is elevated at 0.68 — an increase in the amount of puts versus calls when compared to the previous week. 

Ether options with a notional value of $3.08 billion are also set to expire. However, the condition of ether options reveals a significantly lower number of puts versus calls than the bitcoin ratio. For ether contracts, the put-call ratio is a lower 0.49 ahead of Friday's expiry. A put-call options …