While the leading cryptocurrency Bitcoin rose above $ 44,000 again, all eyes turned to Bitcoin and Ethereum options that will expire today.
Singapore based crypto options data platform According to the news of Greeks.live 25,000 BTC and 217,000 ETH options will expire.
Accordingly, while the Put/Call Ratio of BTC options is 0.70, the maximum loss point is $42,000 and the notional value is $1.11 billion.
Looking at Ethereum, ETH options have a Put/Call Ratio of 0.60, a maximum loss point of $2,200, and a notional value of $490 million.
Stating that current signals point to a potential collapse, Greeks.live said:
“With cryptocurrencies pushing higher this week, the BRC market continues to hold on, lending rates continue to rise, while numerous protective put options are traded, All signals point to a potential risk of collapse.
When we look at the option data, we see that option positions have shifted to next year’s maturities on a larger scale, especially due to the potential expectations of ETFs, positions are higher in January than in previous years, and large-scale changes are still continuing.”
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 0.70; For Ethereum it appears as 0.60. Accordingly, although these ratios are closer to 1, BTC and ETH It indicates an upward trend. However, time will tell how these rates, along with other data and signals, will affect prices.
Dec 22 Options Data
25,000 BTC options are about to expire with a Put Call Ratio of 0.70, a Maxpain point of $42,000 and a notional value of $1.11 billion.
217,000 ETH options are about to expire with a Put Call Ratio of 0.60, a Maxpain point of $2,200 and a notional value of… pic.twitter.com/1bSmZnryFP— Greeks.live (@GreeksLive) December 22, 2023
*This is not investment advice.
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