Breaking News: Bitcoin and Ethereum Options Expiry Alert!
Today, a significant number of options are set to expire for both Bitcoin (24,000) and Ethereum (157,000), with a combined value of $1.89 billion. Here are the key details:
Bitcoin Options:
- Put-Call Ratio: 1.08
- Maximum Pain Point: $58,500
- Nominal Value: $1.4 billion
Ethereum Options:
- Put-Call Ratio: 0.37
- Maximum Pain Point: $3,100
- Nominal Value: $490 million
Market Conditions:
- Minor rebound in the cryptocurrency market this week
- Implied Volatility (IV) at its lowest level since March
Option Seller Activity:
- Large positions established, suppressing IV
Market Sentiment:
- Cautious mood due to Ethereum ETF delays and skepticism
- Weak US stock market with hopes for a September rate cut
Stay informed and alert! Follow for updates and information.
