Leading cryptocurrency Bitcoin As it rises above $44,000 again, all eyes are on Bitcoin, which will expire today. and Ethereum converted to options.
Singapore based crypto options data platform According to Greeks.live, 22,000 BTC and 255,000 ETH options will expire.
According to this, BTC While the Put/Call Ratio of the options is 0.62, the maximum loss point is $43,500 and the notional value is $960 million.
Looking at Ethereum ETH The options have a Put/Call Ratio of 0.54, a maximum loss point of $2,300, and a notional value of $580 million.
Stating that there was a big sales wave during the week and that such fluctuations will not occur again in the near future. Greeks.live he said:
“There was a massive sell-off in the market this week, with the Spot ETF failing to perform as expected and the liquidation of a large amount of high leverage accumulated in the previous period, causing sharp fluctuations in the market.
Next week will be the deadline for ETFs to be approved, and whether they pass or not, things will always come to a head.
“We observe that the crypto derivatives market is focused on ETF plays, and with the current funding rates and leverage levels in the market, sharp fluctuations in prices like this week will not occur again anytime soon.”
Jan. 5 Options Data
22,000 BTC options are about to expire with a Put Call Ratio of 0.62, a Maxpain point of $43,500 and a notional value of $960 million.
255,000 ETH options are about to expire with a Put Call Ratio of 0.54, a Maxpain point of $2,300 and a notional value of… pic.twitter.com/6IycpcmoVu— Greeks.live (@GreeksLive) January 5, 2024
Put/call ratioIt 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 0.62; For Ethereum it appears as 0.54. Accordingly, although these rates indicate an upward trend for BTC and ETH, time will tell how these rates will affect the prices along with other data and signals.
*This is not investment advice.
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