While Bitcoin continues to exhibit volatile movements, all eyes are on Bitcoins that will expire today. Bitcoin and Ethereum converted into weekly options.
Singapore based crypto options data platform According to Greeks.live, the 20,000 BTC and 200,000 ETH options will expire on June 14.
According to this, BTC While the Put/Call Ratio of the options is 0.49, the maximum loss point is $68,500 and the notional value is $1.35 billion.
Looking at Ethereum ETH The options have a Put/Call Ratio of 0.36, a maximum loss point of $3,600, and a notional value of $710 million.
Despite positive economic data Bitcoin and altcoins Greeks who stated that they were underperforming. lived said:
“This week has been a big macro week. The US stock market rose significantly as economic data became more positive for the market, but the cryptocurrency market underperformed. Mainstream cryptocurrencies Bitcoin and Ethereum fell overall, with altcoins falling even further.
“There will be news regarding ETH ETF approval by the end of this month, so it’s a good time to plan ahead for next month’s buying options.”
Bitcoin and EthereumThe maximum loss point in is above current price levels, indicating potential bullish sentiment among option traders.
Apart from the maximum loss point, pull/call rates are also BTC and ETH It reveals an upward trend for .
What Does the Put/Call Ratio Indicate for Bitcoin and Ethereum?
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 0.49; Ethereum It turns out to be 0.36 for . Accordingly, these rates indicate an upward trend for BTC and ETH. However, time will tell how these rates will affect the price. At this point, do not make your investment decisions based on a single data or report.
14 June options delivery data
20,000 BTC options expired with a Put Call Ratio of 0.49, a maximum pain point of $68,500 and a notional value of $1.35 billion.
200,000 ETH options expired with a Put Call Ratio of 0.36, a max pain of $3,600 and a notional value of $710 million.… pic.twitter.com/42ruZLLtqc— Greeks.live (@GreeksLive) June 14, 2024
*This is not investment advice.
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