Ethereum

Greed

Bitcoin

Billion

Traders are preparing as the monthly expiration approaches. Meanwhile, crypto bulls continue to keep the market at high levels. Both <a href="https://en.coin-turk.com/analysts-anticipate-a-short-term-drop-yet-long-term-rise-in-bitcoin-value/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> and Ethereum are trading near resistance levels, and traders are considering the possibility of a pullback in BTC and ETH prices.
The Fear and Greed Index dropped from 71 to 66 following the $4.3 billion settlement between <a href="https://en.coin-turk.com/the-future-of-binance-challenges-and-opportunities-in-the-crypto-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a> and DOJ and CEO Changpeng “CZ” Zhao being found guilty of federal charges. As a result, the sensitivity of the crypto market continues to fluctuate.
<h2 style="text-align: justify" id="bitcoin-and-ethereum-worth-6-5-billion-expired">Bitcoin and Ethereum Worth $6.5 Billion Expired</h2>
The expiration date for 108,000 BTC options worth $4.05 billion is today, November 24th, and the new option-call ratio will be 0.83. The maximum bottom point is set at $33,000. This indicates that traders expect an increase in Bitcoin price after the expiration.
During this period, the BTC price increased by 0.65% in the last 24 hours and is currently trading at $37,406. The lowest and highest values seen in the last 24 hours were $36,923 and $37,643, respectively. Additionally, the trading volume decreased by 45% in the last 24 hours, indicating a decrease in trader interest.
<img decoding="async" class="aligncenter size-full wp-image-280480" src="https://coin-turk.com/wp-content/uploads/2023/11/eth-45-2-48.jpg" alt="" width="713" height="356">
On the other hand, the expiration date for 1.2 million ETH options worth $2.48 billion with a put-call ratio of 0.72 is ending. The maximum bottom is set at $1700, significantly lower than the current price.
The ETH price increased by 1.12% in the last 24 hours and is currently trading at $2085. The lowest and highest price values in the last 24 hours were $2,041 and $2,088, respectively. Additionally, the trading volume decreased by 40% in the last 24 hours, indicating a decrease in investor interest.
<img decoding="async" class="aligncenter size-full wp-image-280481" src="https://coin-turk.com/wp-content/uploads/2023/11/eth-40-24.jpg" alt="" width="711" height="350">
<h2 style="text-align: justify" id="current-state-of-cryptocurrencies">Current State of Cryptocurrencies</h2>
Despite the positive sentiment in the market, traders seem to be preparing for a potential price fluctuation following the events involving Binance and CEO CZ. Crypto market investors anticipate a significant downward wave in market value as a result of renewed trading activity.
Furthermore, due to the upcoming Christmas holiday and New Year, trading activity may be lower. However, experts are optimistic about Bitcoin’s halving and the potential rally led by institutional investors, showing enthusiasm for buying cryptocurrencies.
According to popular <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">analyst</a> Rekt Capital, accumulating during sharp pullbacks is possible. The analyst also believes that BTC’s upward price movement could continue alongside pullbacks near resistance levels. Continue Reading: <a href="https://en.coin-turk.com/bitcoin-and-ethereum-options-worth-6-5-billion-expired-whats-next/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/bitcoin-and-ethereum-options-worth-6-5-billion-expired-whats-next/</a>

Bitcoin and Ethereum Options Worth $6.5 Billion Expired: What’s Next?

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