The $2.06 Billion Day Has Come for Bitcoin and Ethereum: What Are the Prices?
Bitcoin (BTC) and Ethereum (ETH) prices have experienced minor declines in the last 24 hours.
According to CoinGecko data, compared to yesterday, Bitcoin increased from $ 67,296 to $ 66,888; Ethereum decreased from $ 3,531 to $ 3,511.
$2 billion maturity will expire
According to data in the derivatives market, 20,000 Bitcoin options worth $1.35 billion will expire today. Their put-call ratio is at the level of 0.49.
For Ethereum, 200,000 options totaling $710 million will expire with a put-call ratio of 0.36.
Max pain point is $68,500 for Bitcoin; For Ethereum, it was $3,600.
The put-call ratio is obtained by dividing the put (selling) volume in option contracts by the call (buying) volume. If the put-call ratio is below 1, it means that more call options are purchased than put options and is interpreted as bullish.
Preparations for next month have begun
Several different important economic data came from the USA this week. Although the US stock markets rose in light of these data, the cryptocurrency market did not show the desired performance. Many altcoins, as well as Bitcoin and Ethereum, lost value.
In his statement to senators, US Securities and Exchange Commission (SEC) Chairman Gary Gensler said that the approval process of spot Ethereum ETFs could be completed this summer.
âThere will be news about the approval of the Ethereum ETF at the end of this month, so it might be good to prepare next month's call options now,â said derivatives analyst GreeksLive.
