The fact that Bitcoin and Ethereum have reached the maximum yield point of the $ 3.35 billion option brings to mind the questions of whether the correction is over.
Shared by options data platform Greeks.Live on Twitter on March 15. to data according to 30 thousand Bitcoins worth $2.1 billion option and $1.25 billion worth 330 thousand Ethereum option has expired.
The ratio of the selling rates of the options in question to the buying rates 0.79 in Bitcoin 0.79 in Ethereum whereas 0.69 It was recorded as. While most investors purchased bullish options, some investors purchased put options for protection.
The maximum yield level of these options is 66 thousand dollars for Bitcoin and 66 thousand dollars for Ethereum. $3,550 were levels. The fact that these levels reached the expectation areas during the day created a question mark in minds.
With the decline experienced today, Bitcoin and Ethereum are preferred by corporates. “Max Pain” reached the point. This made me think about the possibility that the correction was over.
While Bitcoin (BTC) was generally strong during the week, the decline has passed with the slowdown in ETF inflows and today to $66,700 It had regressed as much.
According to CoinGecko data Bitcoin And Ethereum Although there has been some recovery in the last 24 hours 6% with transcendental decline Bitcoin $67,732, Ethereum whereas from $3,691 is being traded.