Today, there are 20,000 Bitcoin options contracts expiring, worth $2.15 billion. Although this is much lower than last week's 88,537 contracts, it may still lead to some price volatility. With more bullish contracts (call options) than bearish contracts (put options), the market sentiment for Bitcoin remains generally optimistic.
Bitcoin's open interest (the number of contracts that have not yet expired) has reached a maximum of $120,000. This indicates that many traders expect Bitcoin to rise further.
Meanwhile, a key price to watch is $97,000, as this may indicate the next movement for Bitcoin.
Ethereum options worth $453 million are expiring.
In addition to Bitcoin, Ethereum has 1,323,745 options contracts expiring, worth $453 million. The put/call ratio is 0.33, indicating that more traders expect prices to rise. The maximum pain price for Ethereum is $3,400, suggesting we may see prices move towards that level. Ethereum has performed well recently but needs to break through $3,600 to continue rising.
What is the next step for Bitcoin and Ethereum?
With this large-scale expiration, the market may see some changes in the prices of Bitcoin and Ethereum, especially considering the recent price fluctuations. Bitcoin is close to $97,000, and if it breaks through this resistance level, it may rise further.
Ethereum is also experiencing an upward movement, approaching $3,430. However, both need to break through key resistance levels to continue rising.
The cryptocurrency market is about to face significant volatility. Will the next step be a key breakthrough or a pullback correction? For more real-time analysis and investment strategies, follow Uncle Zhao and seize the market opportunity!#比特币走势分析 #以太坊ETF的批准预期 #XRP重返市值前三 #以太坊ETN #比特币采用 $BTC $ETH $SOL
