It Will Happen Within Hours! The Fate of $5.6 Billion Bitcoin and Ethereum is Being Determined!

When looking at the data provided by Deribit, there are 61,320 Bitcoin contracts worth $4.07 billion that are known to expire today. The figure in question indicates a noticeable increase compared to the 20,679 contracts seen last week. The current put-to-call ratio is at 0.61, while the maximum bottom level indicates $63,000. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. Become a member of BinanceTR from this link and get your first crypto!

Similar to Bitcoin, it is known that 499,803 contracts worth over $1.59 billion in #Ethereum options have reached their expiration date and the process is being closely monitored. The put-to-call ratio for #Ethereum is 0.46, and the bottom is calculated at $3,300.

The recent start of trading of spot Ethereum exchange-traded funds (ETFs) in the US has added new discussions on the existing market conditions. Analysts working at Deribit, while examining the conditions that caused the current outlook in the market, cited the common denominator of the Mt. Gox distribution, ETF outflows and the decline in Nasdaq.

The combination of the Mt. Gox distribution (Grayscale Ethereum Trust) ETHE outflows and the NDQ decline was too much for the collective crypto optimism in the last few days.

The cryptocurrency market, which was affected by the German government's sales, formed a deep V trend in July, and #BTC and ETH showed a sharp recovery in the last two weeks. The main futures IVs of the cryptocurrency have also recovered significantly due to a number of positive factors.

In the examinations made on the #Ethereum side, it was seen that the price decreased from $ 3,469 to $ 3,098 on July 24. After this decline, $ETH increased by 3% in the last 24 hours and became $ 3,271.