đ„đ„đ„ $5 Billion in Crypto Options Expiring Today, What It Means for #bitcoinâïž and Ethereum
Today, $5.01 billion in Bitcoin and Ethereum options contracts are set to expire, potentially causing short-term price volatility as both assets have recently seen declines. The expiration includes $3.67 billion in Bitcoin and $1.36 billion in Ethereum contracts.
Key Points:
1. Bitcoin Options: 61,793 contracts expiring, with a maximum pain price of $61,000 and a put-to-call ratio of 0.59, indicating a bullish sentiment.
2. Ethereum Options: 538,872 contracts expiring, with a maximum pain price of $2,800 and a put-to-call ratio of 0.49, reflecting optimism in the market.
Despite recent declines, Bitcoin is trading at $59,157 (down 3.26%) and Ethereum at $2,525 (down 2.55%). Analysts note an increase in implied volatility and a rise in long positions, suggesting some traders are betting on future price increases. While today's expirations may cause fluctuations, the market is expected to stabilize as traders adjust to the new pricing.
Source - beincrypto.com
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