What is the significance of September 24 for Bitcoin and Ethereum before the end of the 3rd quarter of 2021? In the last ten days, in the third quarter of 2021, the financial sector has been collectively going through a turbulent period. The crypto world, including Bitcoin, is also trying to find its way. With prices failing to break through the immediate resistance, there is an air of uncertainty at the moment. The answer to this question and more cryptocoin.comYou can find it in .
In which direction will Bitcoin evolve?
Both Bitcoin and Ethereum managed a price consolidation above the $42,000 and $3,000 immediate supports, but they could be tested soon. With this scenario in mind, both assets are approaching another important expiration on September 24, which could play a role in trend setting for Q4 2021.
According to Skew data, 73.7k Bitcoin Options on Open Position on September 24 are about to expire. A net valuation approaching $3.2 billion at the time of writing makes it one of the biggest maturities in 2021.
Regarding Ethereum, 492k ETH options will expire at a net worth of $1.5 billion at the time of writing. One of the main features currently common among BTC, ETH options is that most of the options are “Call Buys”. This means that more contracts will be voided if higher targets are not met. The effects on a stagnant market can be huge, as target failure can lead to a temporary drop in both Bitcoin and Ethereum prices after expiration. Currently, Bitcoin Options were still in the green as BTC remained above $44,000 but fell below that range at the time of writing. Prices for Ethereum are currently at $3000, which is a huge setback for most contracts with strike prices (which is the price to be applied to buy or sell options) on Sept. 24 at around $3300-3400.
Too much volatility is it?
At the time of writing, there was some margin of tolerance/refuge to take refuge in the existing accumulation between Implied and Actual Volatility. Implied, Realized continues to outpace volatility, while essential trader sentiment shows there is still room for more price action on the charts. It is slightly bearish considering the fact that the price has dropped along with the volatility structure. But Realized Volatility hit a low that triggered a bullish rebound twice in the past. Once in January 2021 and then again in April 2021. The growth margin will be high for Bitcoin entering Q4 of 2021, given that Bitcoin has retested support at $42,000 and Ethereum has fallen below $3,000. However, a continued decline in Actual and Implied Volatility will slow the bullish momentum.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. Therefore, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.