Corporate Activity in Bitcoin and Ethereum: 5.7 Billion Options Finalized!

Cryptocurrency market witnessed a massive $5.7 billion option expiration

According to the option data ending on July 26, there were remarkable developments in the cryptocurrency market. While significant movements were observed in Bitcoin and Ethereum options, there were significant increases in internal volatility rates (IV).

On the Bitcoin (BTC) side, a total of 61,000 BTC options expired. The Put/Call ratio of these options was determined as 0.62. Put/Call ratio is an important indicator that shows whether the market is generally in an upward or downward trend. A ratio of 0.62 indicates that investors are more inclined towards call options.

The price level, known as the maximum pain point and where option holders lost the most, was calculated as $ 63,500. The total value of these BTC options was recorded as $ 4.1 billion.

This data reflects the size of the Bitcoin options market and investors' market expectations.

On the Ethereum side, the 490,000 ETH option has expired. The Put/Call ratio of ETH options was determined as 0.45. This rate reveals that ETH investors are also more interested in call options. The total value of Ethereum options with a maximum pain point of $ 3,350 was calculated as $ 1.6 billion.

This high volume in the Ethereum options market reveals the importance of Ethereum in market dynamics and the interest of investors

Additionally, internal volatility ratios (IV) across all major maturities have recovered significantly

Short-term IVs, in particular, have generally increased by 10% or more compared to last week. This increase indicates increased volatility and uncertainty in the market. Investors may have started to use more options strategies to benefit from short-term market movements

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