"The options wave is coming!!! $18 billion is about to shake up the cryptocurrency world"
Today, the crypto market reaches a milestone moment as a record $18 billion in Bitcoin and Ethereum options contracts are set to expire. This may not only cause severe market fluctuations, but also bring potentially significant opportunities to traders.
Data shows that the total value of options expiring on Bitcoin reached $14.38 billion, and on Ethereum it was $3.7 billion. The number of contracts expiring is as high as 88,537 (BTC) and 796,021 (ETH) respectively, well above last week’s levels and reflecting a significant increase in trading activity. Bullish sentiment is dominating the market, with the put/call ratio (P/C ratio) of 0.69 and 0.41 for BTC and ETH respectively, showing investor confidence in price growth.
It is worth noting that the current prices of BTC and ETH are well above their respective “highest pain prices” ($85,000 and $3,000 respectively), and the market’s correction risk still requires vigilance. Additionally, the Bitcoin P/C ratio doubled to 0.70 in December from 0.35 in October, indicating increased investor demand for protection against downside risks. Ethereum went in the opposite direction, with the P/C ratio falling sharply from 0.97 to 0.41, releasing a stronger bullish signal.
With the possible impact of option expiration, the market may usher in trend changes. This could be key to where things go in the coming months. Want to know more about the logic behind the market? Hurry up and pay attention to the beast, which will give you an in-depth analysis of every critical moment!
