Leading cryptocurrency BitcoinWhile Bitcoin continues its movements at $ 37,000 levels, all eyes are on Bitcoin and Bitcoin, which will expire tomorrow, November 24. Ethereum converted to options.
Chinese journalist Posted by Wu Blockchain Accordingly, 108,000 BTC and 1.2 million ETH options will expire.
24 Nov Options Data.
The Binance incident brought volatility.
108k BTC options are about to expire with a Put Call Ratio of 0.83, a max pain point of $33,000 and a notional value of $4.04 billion.
1.2 million ETH options are about to expire with a Put Call Ratio of 0.71, a max…— Wu Blockchain (@WuBlockchain) November 23, 2023
Accordingly, while the Put/Call Ratio of BTC options is 0.83, the maximum loss point is $33,000 and the notional value is $4.04 billion.
Looking at Ethereum, ETH options have a Put/Call Ratio of 0.71, a maximum loss point of $1,700, and a notional value of $2.47 billion.
“…The biggest event of the week for cryptocurrency was undoubtedly Binance’s agreement with the USA; This was an event that brought volatility.
Bitcoin And Ethereum While there is very little time left for the monthly options to expire, the maximum loss point is relatively far from the current BTC price. “At the same time, considering that the annual maturity of the options is short, there may be a stagnation in trade as Christmas approaches.”
The put/call ratio is calculated by dividing the number of put options by the number of call options. A ratio below 1 means there are more purchases than puts, indicating an upward trend.
A ratio above 1 means there are more put options than call options, indicating a bearish trend. A ratio close to 1 means the market is balanced or neutral.
For Bitcoin, this rate is 0.83; For Ethereum it appears as 0.71. Accordingly, although these ratios are close to 1, BTC And ETH It indicates an upward trend. However, time will tell how these rates will affect the price.
*This is not investment advice.
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