The context: as in finance, Crypto options contracts are financial products that give the right to a trader to buy or sell a title, in this case of BTC or ETH at a determined price and date. The expiration of these contracts arrives while the crypto market always suffers considerably from current macroeconomic uncertainty. Donald Trump puts pressure on the Federal Reserve (Fed) in particular to reduce interest rates, to which its President Jerome Powell is still opposed. More than 2.2 billion dollars in Crypto options expire today on April 18, in the middle of the Good Friday celebrations, 23,221 Bitcoin options (BTC) options are expired. The notional value of this bitcoin options that expire this Friday is $ 1.966 billion, according to deribit data. The Put/Call ratio is for its part of 0.96, which suggests a prevalence of purchase options (Calls) on the sales options (coup). While the Bitcoin options expire, they display a “maximum price price” or exercise price of $ 82,000; It is at this price that the assets will cause the greatest number of financial losses to its holders. Expiration of Bitcoin options. Source: Deribit the same, this Friday will also be marked by the expiration of 177,130 contracts Ethereum, with a notional value of 279.789 million dollars. The Put-to-Call ratio for these Expiring Ethereum options is 0.84, with an exercise price of $ 1,600. This week’s expiration event is slightly more moderate than that of last Friday. Indeed, on April 11, approximately 2.5 billion dollars in BTC and ETH options expired, with short -term decreases, resulting in the request for puts. Expiration of Ethereum options. Source: Deribit traders and investors must closely monitor today’s developments, because the expiration of these Crypto options could cause price volatility. That said, put-to-clear ratios below 1 for Bitcoin and Ethereum in the trading of options indicate a certain optimism on the market. This suggests that more traders are betting on an increase in crypto lessons. At the same time, deribit analysts highlight low volatility and a flat SKEW. Although it points to a calm market, the Historical Coinglass data suggest that the price fluctuations after expiration are common, potentially signaling an upcoming movement. “With crushed volatility and a flat skew, is the market prepare for a post-expiration movement?” They posed. A probable black swan event according to Greeks. Live analysts from Greeks. Live speak of a moderate perspective on the Crypto market. However, they also note that the market is mainly neutral bearish. The traders also expect more marked volatility, before the Bitcoin course potentially returns to the 80,000 to 82,000 dollars. At the time of the editorial staff, Bitcoin was negotiated at $ 84,648, slightly above his exercise price of $ 82,000. According to the theory of the concept of Max Pain, the BTC will probably go to this exercise price as Bitcoin options are approaching their expiration. Bitcoin price performance (BTC). Source: Beincrypto by citing a moderate feeling, Greek.live analysts attribute current calm to the fact that Trump has not been talked about this week. Nevertheless, they anticipate new twists and turns around commercial wars, as well as increased uncertainty and volatility. “We believe that commercial and price wars are far from over, and uncertainty on the market will last a long time, just like volatility,” they wrote. They also attribute this prospect to the comments of Jerome Powell, which have led to downward pressure while the rate reduction expectations of 100 basic points for the year have been reduced. This led to a correlation of crypto with traditional markets. In this context, Greeks.live claims that the probability of a black swan event, or Black Swan in English, is higher. As a reminder, this refers to a rare and unexpected event having a significant and often disruptive impact on the market. “… It is now a period of pain when the bullish has completely turned into lowers, and the feeling of investors is relatively low. In this aggravated market where the bull’s bulls become lower, the probability of a black swan will be considerably higher, “they explained. They thus encourage traders to buy sales options outside the currency (OTM). Indeed, an option is classified as outside the currency when its exercise price is less favorable than the current price of the underlying asset market. This means that it has no intrinsic value but only a time value (the potential to become precious before expiration). Morality of history: Each Friday sounds the death knell for Bitcoin options. Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines of The Trust Project, this article of price analysis is only intended for information purposes and should not be considered as financial or investment advice. Beincrypto undertakes to provide exact and impartial information, but market conditions may change without notice. Always carry out your own research and consult a professional before making any financial decision.