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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/key-developments-in-bitcoin-and-ethereum-options-markets/" data-wpel-link="internal">Key Developments in Bitcoin and Ethereum Options Markets</a><br></p>
<p style="text-align: justify">Today in the cryptocurrency market, there is a significant development affecting the price of <strong><a href="https://coin-turk.com/kripto-para-piyasasinda-25-kasim-sabahi-bitcoin-btc-ve-ethereumda-eth-son-durum" data-wpel-link="internal">Bitcoin</a></strong>. The expiration of <a href="https://en.coin-turk.com/investor-jim-rogers-discusses-bitcoins-role-and-government-perception/" data-wpel-link="internal">Bitcoin</a> options is approaching. Spot prices are hovering above the $60,000 level. However, today, a considerably large amount will expire. There are about 21,800 Bitcoin option contracts due to expire. These derivatives have a nominal value of approximately $1.33 billion. Numerically, this is marginally lower than last week’s expiration event.</p> 
<h2 style="text-align: justify" id="bitcoin-price-above-62-000-but-volatile">Bitcoin Price Above $62,000 But Volatile</h2> 
<p style="text-align: justify"><a href="https://en.coin-turk.com/telegram-unveils-wallet-pay-a-game-changing-crypto-payment-service/" data-wpel-link="internal">Crypto</a> markets have experienced a sharp decline throughout the week, and Bitcoin faces the risk of losing the psychologically important $60,000 level.</p> 
<p style="text-align: justify">Today, the put/call ratio of expiring <strong><a href="https://coin-turk.com/bitcoin-btc-fiyati-binance-us-borsasinda-anlik-olarak-8-200-dolara-dustu" data-wpel-link="internal">BTC</a></strong> contracts is 0.63. This means that the expiring call (long) contracts are almost twice as many as put (short) contracts.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-342052 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/btc-kripto-para-coin-turk-com-1-3.png" alt="" width="1152" height="669"></p> 
<p style="text-align: justify">According to Deribit, bulls still dominate the derivatives markets with the highest open interest at the $80,000 strike price. There are contracts worth $881 million focused on long positions at this level, and over $700 million in OI at both the $70,000 and $75,000 strike prices. Only $453 million in OI is at the $60,000 level, which is closer to the maximum pain point and current spot prices.</p> 
<h2 style="text-align: justify" id="ethereum-options-also-nearing-expiration">Ethereum Options Also Nearing Expiration</h2> 
<p style="text-align: justify">Crypto derivatives provider Greeks Live commented that despite “widespread panic in the market” this week, as <a href="https://en.coin-turk.com/bitcoin-investors-hold-steady-despite-market-fluctuations/" data-wpel-link="internal">BTC</a> lost the $60,000 level and <strong>ETH</strong> dropped below $3,000, the implied volatility of major expiring options significantly decreased. Implied volatility (IV) represents future market volatility measurements derived from expiring derivative contracts.</p> 
<p style="text-align: justify">In addition to today’s Bitcoin options expiring, 297,000 <a href="https://coin-turk.com/xrp-ve-eth-gibi-altcoinlerin-hareketi-bitcoinin-btc-bu-hamlesine-bagli" data-wpel-link="internal">Ethereum</a> option contracts will also expire. Their nominal value is $960 million, and the put/call ratio is 0.42, indicating that long positions significantly outnumber short positions. Greeks Live stated, “Ethereum’s long side is more fragile and has limited ability to lead the market.”</p> 
<p style="text-align: justify">These developments in the options markets could be seen as a critical turning point in the cryptocurrency market, representing a situation that investors should closely monitor. As of writing this article, the cryptocurrency BTC is priced at $63,216, while <strong>Ethereum</strong> is trading at $3,045.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/key-developments-in-bitcoin-and-ethereum-options-markets/" data-wpel-link="internal">Key Developments in Bitcoin and Ethereum Options Markets</a></h5>

Key Developments in Bitcoin and Ethereum Options Markets

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