Today, there will be an important development in the Bitcoin (BTC) $61,337 and Ethereum (ETH) $2,378 markets. Accordingly, 17,500 BTC options will expire with a total notional value of $10.7 billion. The maximum pain point of these options was determined as $63,000. In addition, 119,000 ETH options will expire today. The maximum pain point of these options is $2,500. These developments in the cryptocurrency market are closely followed by investors.
Bitcoin and Ethereum Options Expire
Adam from the Greeks.live research team drew attention to todayâs BTC and ETH option expiration dates in a statement he made on social media. He stated that the Put/Call ratio of 17,500 BTC options is at 0.75, while the notional value is $10.7 billion. The maximum pain point of BTC options is $63,000.
Likewise, 11.9 million ETH options are expiring today, and the maximum pain point for these options is $2,500. The Put/Call ratio of ETH options was announced as 0.68, and the total notional value was stated as $2.8 billion.
Cryptocurrency Market Underperforms
This week, while A-shares and Chinese stocks have attracted significant interest in global markets, cryptocurrencies have performed relatively poorly. Adam said that despite the general upward trend in Hong Kong stocks, shares of blockchain companies have fallen. This is considered an indicator of the current weakness of the cryptocurrency market.
Looking at past yearsâ data, the fourth quarter of the year is generally known for its positive price performance. The current underperforming market conditions may present a favorable environment for long-term investment opportunities. According to Adam, buying at low levels in particular may be a suitable strategy for medium and long-term bullish expectations.
In addition, the market's volatility index (IV) is at average levels over the past year and is expected to remain at these levels until the US presidential elections are over. Finally, Adam noted that the next two weeks are a suitable time period for those looking to invest in the fourth quarter of the year.
