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News

Bitcoin and Ethereum Options Expiry Looms!

July 7, 2023 - Around 2 mins mins to read

Key Points:

  • Bitcoin and Ethereum options set to expire, providing insight into traders’ sentiment and expectations.
  • Put Call Ratio (PCR) reveals bearish sentiment for BTC and bullish sentiment for ETH.
  • Max pain point for BTC at $30,000 and for ETH at $1,875, indicating possible price influence before expiry.
Bitcoin (BTC) and Ethereum (ETH) options approaches, market participants are eagerly observing the potential implications on the crypto landscape.
Bitcoin and Ethereum Options Expiry Looms 1

Approximately 29,000 BTC options with a notional value of $880 million and 220,000 ETH options with a notional value of $410 million are set to expire, providing insight into the sentiment and expectations of traders.

According to recent data shared on Twitter by GreeksLive, the BTC options expiry presents an intriguing snapshot of market dynamics. With a Put Call Ratio of 0.76, indicating a higher number of put options relative to call options, some traders appear to be anticipating a downward movement in BTC’s price.

image 496

Additionally, the max pain point, calculated to be $30,000, suggests that market participants may seek to influence BTC’s price toward this level, possibly leading to increased volatility as the expiry nears.

The ETH options expiry, on the other hand, reveals a slightly different scenario. The Put Call Ratio stands at 0.48, indicating a lower proportion of put options relative to call options, implying a more bullish sentiment among traders. The max pain point for Ethereum options is calculated to be $1,875, signaling that market participants may have an incentive to push ETH‘s price toward this level before the expiry, potentially impacting market dynamics.

image 497

The impending expiry of these options contracts could lead to heightened market volatility as traders adjust their positions or seek to influence the underlying asset’s price. Such events often have the potential to impact the broader crypto market, as they can trigger cascading effects on other cryptocurrencies.

Investors and market observers are closely monitoring the options expiry to gain insights into the overall sentiment and expectations within the crypto market. While these figures do not guarantee specific price movements, they provide valuable information on market participants’ positions and potential strategies.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

Bitcoin and Ethereum Options Expiry Looms!

Key Points:

  • Bitcoin and Ethereum options set to expire, providing insight into traders’ sentiment and expectations.
  • Put Call Ratio (PCR) reveals bearish sentiment for BTC and bullish sentiment for ETH.
  • Max pain point for BTC at $30,000 and for ETH at $1,875, indicating possible price influence before expiry.
Bitcoin (BTC) and Ethereum (ETH) options approaches, market participants are eagerly observing the potential implications on the crypto landscape.
Bitcoin and Ethereum Options Expiry Looms 1

Approximately 29,000 BTC options with a notional value of $880 million and 220,000 ETH options with a notional value of $410 million are set to expire, providing insight into the sentiment and expectations of traders.

According to recent data shared on Twitter by GreeksLive, the BTC options expiry presents an intriguing snapshot of market dynamics. With a Put Call Ratio of 0.76, indicating a higher number of put options relative to call options, some traders appear to be anticipating a downward movement in BTC’s price.

image 496

Additionally, the max pain point, calculated to be $30,000, suggests that market participants may seek to influence BTC’s price toward this level, possibly leading to increased volatility as the expiry nears.

The ETH options expiry, on the other hand, reveals a slightly different scenario. The Put Call Ratio stands at 0.48, indicating a lower proportion of put options relative to call options, implying a more bullish sentiment among traders. The max pain point for Ethereum options is calculated to be $1,875, signaling that market participants may have an incentive to push ETH‘s price toward this level before the expiry, potentially impacting market dynamics.

image 497

The impending expiry of these options contracts could lead to heightened market volatility as traders adjust their positions or seek to influence the underlying asset’s price. Such events often have the potential to impact the broader crypto market, as they can trigger cascading effects on other cryptocurrencies.

Investors and market observers are closely monitoring the options expiry to gain insights into the overall sentiment and expectations within the crypto market. While these figures do not guarantee specific price movements, they provide valuable information on market participants’ positions and potential strategies.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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