‼️‼️ Breaking News Alert‼️‼️
🚨 Bitcoin and Ethereum Expiry Alert🚨
🔴 Attention Attention 🔴
🗣️Massive BTC and ETH Options Expiry Today:
Key Insights and Market Situation
1. Expiry Overview:
- >24,000 Bitcoin (BTC) options and 157,000 Ethereum (ETH) options are set to expire today.
2. BTC Options Details:
- >Put Call Ratio: 1.08
- >Maximum Pain Point: $58,500
- >Nominal Value: $1.4 billion
3. ETH Options Detail:
- >Put Call Ratio: 0.37
- >Maximum Pain Point: $3,100
- >Nominal Value: $490 million
4. Market Conditions:
- >The cryptocurrency market has experienced a minor rebound this week.
- >Implied Volatility (IV) for the main term has dropped significantly, reaching its lowest level since March.
5. Option Seller Activity:
- >Large positions have been established by option sellers, which has helped to suppress the IV.
6. Market Sentiment:
- >The mood is cautious with ongoing delays in the Ethereum ETF and skepticism about its ability to attract significant funds quickly.
- >The US stock market remains weak, with hopes pinned on a potential rate cut in September for market recovery.
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