Leading cryptocurrency BitcoinWhile Bitcoin could not hold on to the level of 38,000 dollars and fell back to the level of 37,700 dollars, all eyes are on Bitcoin and Bitcoin, which will expire tomorrow, December 1. Ethereum converted to options.
Singapore based crypto options data platform Greeks.live According to the news 29,000 BTC and 230,000 ETH options will expire.
According to this, While the Put/Call Ratio of BTC options is 0.58, the maximum loss point is $37,000 and the notional value is $1.13 billion.
When we look at EthereumTH options have a Put/Call Ratio of 0.49, a maximum loss point of $2,100, and a notional value of $470 million.
“Volatility levels in cryptocurrencies have dropped significantly this week.
BTC reached $38,000 three times in November after last week’s monthly close, but as a result could not hold its ground.
When we look at the option data, we can see that the put/call ratio is low.
This shows that the main transactions this week are focused on buying and the Maxpain level is approaching the current market price.
As the rally becomes more and more calm, the option’s skew level gradually decreases.
“While bullish expectations are focused on January ETF approvals, fewer and fewer investors are bullish on the near-term rally.”
🌿1 Dec Options Data
29,000 BTC options are about to expire with a Put Call Ratio of 0.58, a Maxpain point of $37,000 and a notional value of $1.13 billion.
230,000 ETH options are due to expire with a Put Call Ratio of 0.49, a Maxpain point of $2,100 and a notional value of $470… pic.twitter.com/jDXlXFeSPy
— Greeks.live (@GreeksLive) November 30, 2023
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.
Bitcoin For this ratio is 0.58; For Ethereum it appears as 0.49. 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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