Ah, the theater of finance! This Friday, August 15th, the curtain rises on a spectacle most grand: 40,000 Bitcoin options contracts, a notional value of $4.8 billion, are set to expire. ๐ช๏ธ A sum so vast, it could make even the Master’s cat, Behemoth, purr with envy. Yet, will it stir the spot markets from their slumber? Hardly. They, like a stubborn bureaucrat, remain unmoved, basking in their all-time highs of market capitalization. ๐ฐ
This weekโs tranche of contracts, with a put/call ratio of 0.90, presents a tableau of perfect equilibrium: bulls and bears locked in a waltz, neither gaining the upper hand. ๐บ๐ป Open interest, that fickle mistress, peaks at $140,000, surging to $3.2 billion on Deribit. And at $120,000? Another $2.4 billion, as the bulls, ever optimistic, pile on. Meanwhile, lower strike prices wither like a forgotten manuscript. ๐
Total Bitcoin futures OI stands at $83.3 billion, a figure so grand it could fund a dozen magical theaters. CoinGlass, that ever-watchful oracle, confirms we are near record highs. ๐งโ๏ธ
Greeks Live, those purveyors of crypto derivatives, declare the mood “predominantly bullish.” ๐ Traders, they say, are selling puts with the fervor of a poet penning his masterpiece, holding long positions “deeply in profit.” Yet, a shadow lurks: concern over volatility, that mischievous imp, threatens to spoil the party. ๐ญ
โKey sentiment revolves around continued put selling strategies and excitement about ETHโs exceptional performance, though some concern exists about high volatility levels.โ
Deribit, that bustling marketplace, saw $10.9 billion in options traded on Thursday, a record-breaking feat. ๐ Yet, as BTC scaled new heights and ETH flirted with its all-time high, a correction struck, triggered by a PPI reading as unexpected as a visit from the Devil himself. ๐
As BTC hit a new all-time high and ETH neared its all-time high, the market experienced an unexpected correction, primarily triggered by an unexpectedly strong PPI reading. There were no major changes in the options market, with no significant changes in the main term IV andโฆ
– Greeks.live (@GreeksLive) August 14, 2025
And let us not forget Ethereum, whose 287,000 contracts, valued at $1.3 billion, also expire this Friday. A put/call ratio of 1.0 suggests a stalemate, a truce between the factions. ๐๏ธ Thus, the combined crypto options expiry notional value swells to $6.1 billion, a sum that could fund a revolution-or a very lavish dinner party. ๐พ
The crypto market, with its $4.25 trillion capitalization, has reached an all-time high, yet it remains but a fraction of Nvidiaโs might and a mere 18% of goldโs $23 trillion empire. ๐๏ธ By Friday, however, the winds had shifted; the total cap dropped 4% to $4.1 trillion, as Bitcoin led the retreat, falling below $118,000 before regaining its footing. Ethereum, too, cooled from its four-year highs, slipping below $4,500 before rebounding to $4,630. Altcoins, those hopeful upstarts, dumped hard, despite whispers of an “altseason.” ๐ช๏ธ
A pattern emerges: Asia buys, the United States sells. A dance as old as time itself, yet no less fascinating. ๐๐บ
And so, dear reader, we leave you with this: in the grand theater of crypto, where bulls and bears clash, and volatility reigns, one thing is certain-the show must go on. ๐ญ๐ค
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2025-08-15 08:20