Key Points:
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.
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.
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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