š Analysis of Options Expiry
$ETH on Deribit Platform ā September 19, 2025
ā Current Price: $4,588 (+0.03%)
ā Nominal Value of Options: $820 Million
ā Maximum Pain: $4,500 ā which is the price that market makers prefer the asset to expire at to minimize payouts to buyers
š¹ Sell/Buy Ratio: 0.98 ā reflects a neutral state
š¹ Largest Buying Concentration: Between $4,600 and $5,000
š¹ Largest Selling Concentration: Between $3,600 and $4,100
š Open Interest Increased by 5% This Week, Resulting from Increased Buy Positions Above $4,500
š Sell Positions Decreased by 2% in the Range of $3,800ā$4,200, Indicating Profit-Taking by Bears
š Technical Reading:
ā Rise in Call Options = Potential Short Squeeze if Price Rises Suddenly
ā Drop in Put Options = Reduced Hedging, Reflecting Greater Confidence in Upward Trend
ā Market Makers Will Often Push Price Towards $4,500ā$4,600 Area as Expiry Approaches
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