BTC

$96026.73

-2.68%

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$3367.323

-3.71%

XRP

$2.187

-4.88%

BNB

$692.557

-2.47%

Analysis

26K Bitcoin Options With Max Pain At $27K, Experts Predict Bullish Future

September 1, 2023 - Around 2 mins mins to read

Key Points:

  • Bitcoin options worth $690 million with 26k BTC and a max pain point of $27,000 are expiring.
  • ETH options worth $230 million with 143k expiring options and a max pain of $1,700 are also expiring.
  • Despite short-term uncertainty, experts predict a bullish future for Bitcoin due to increasing user interest and the potential ETF approval.
Bitcoin and ETH options expiring this week may cause volatility, but experts predict a bullish future as more users invest and ETF approval looms.

Greeks.live today reported Bitcoin options with a notional value of $690 million are about to expire, including 26k BTC with a Put Call Ratio of 0.50 and a max pain point of $27,000. In addition, 143k ETH options worth $230 million are expiring with a Put Call Ratio of 0.85 and a max pain of $1,700.

26K Bitcoin Options With Max Pain At $27K, Experts Predict Bullish Future

The delivery price of BTC and ETH falling on the eve of expiration is relatively rare and may be related to a renewed delay in ETF approvals, resulting in the exit of short-term bullish gaming funds. Meanwhile, this week’s expiration of ETH put options accounted for a high percentage, with a large number concentrated in the $1,500 to $1,600 range.

Despite short-term uncertainty, experts predict that the next bull run of Bitcoin could be epic. The increasing number of users and interest in buying Bitcoin will drive the price up, as more people see it as a valuable investment. In addition, the potential approval of a Bitcoin ETF application could also drive up the price, as it becomes a more accessible investment option for the general public.

26K Bitcoin Options With Max Pain At $27K, Experts Predict Bullish Future
Source: Stockmoney Lizards

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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# Bitcoin

# Bitcoin analysis

# Bitcoin ETF

# Bitcoin future

# Bitcoin options

# Ethereum

Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.