Ethereum

United

Bitcoin

Block

Time

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>18k Bitcoin options and 320k Ethereum options are about to expire today, Greeks.live data shows.</li> 
 <li>Bitcoin is trading above the $65k mark.</li> 
</ul> 
<p>According to the latest reports coming from <a href="https://x.com/GreeksLive" rel="nofollow" target="_blank">Greeks.live</a>, 18,000 Bitcoin options and 320,000 Ethereum options are about to expire today.</p> 
<p>The Bitcoin options will expire with a Put Call Ratio of 0.63, a Maxpain point of $63,000, and a notional value of $1.2 billion.</p> 
<p>The Ethereum options are due to expire with a Put Call Ratio of 0.28, a Maxpain point of $3,000 and a notional value of $930 million.</p> 
<p>The Bitcoin ETFs also recorded significant inflows during this week, inspiring by the meme wave in the US, with BTC being above to surge above the $65,000 mark.</p> 
<p>Greeks.live <a href="https://x.com/GreeksLive/status/1791310232389660735" rel="nofollow" target="_blank">notes</a> that the crypto markets outside the meme coins were weaker, with volume continuing to fall, as shown by the divergence in options data for Bitcoin and Ethereum.</p> 
<p>From the Block and market trading structure, the IV downtrend in all major terms ended into a sideways trend, and, at the moment, there is not much room to fall more.</p> 
<p>BTC is now more balanced between long and short, and the price of ETH is weak, leading to continued weakening of the market confidence. Selling calls is now the “absolute main deal,” as noted by the same trading tools solution provider.</p> 
<p>The current IV is under the seller’s cost-effective general, and timing to buy will be a better choice, with a recommendation to pay attention to the ETH BTC rate pair trading.</p> 
<figure id="attachment_42547" aria-describedby="caption-attachment-42547" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/05/GNwDESNbcAE-iuR.jpg"><img decoding="async" class="wp-image-42547 size-large" src="https://crypto.ro/en/wp-content/uploads/2024/05/GNwDESNbcAE-iuR-1024x550.jpg" alt="Greeks.live" width="1024" height="550" title="18k Bitcoin Options And 320k Ethereum Options Expire Today 3" srcset="https://crypto.ro/en/wp-content/uploads/2024/05/GNwDESNbcAE-iuR-1024x550.jpg 1024w, https://crypto.ro/en/wp-content/uploads/2024/05/GNwDESNbcAE-iuR-300x161.jpg 300w, https://crypto.ro/en/wp-content/uploads/2024/05/GNwDESNbcAE-iuR-768x412.jpg 768w, https://crypto.ro/en/wp-content/uploads/2024/05/GNwDESNbcAE-iuR.jpg 1200w, https://crypto.ro/en/wp-content/uploads/2024/05/GNwDESNbcAE-iuR-750x403.jpg 750w, https://crypto.ro/en/wp-content/uploads/2024/05/GNwDESNbcAE-iuR-1140x612.jpg 1140w" sizes="(max-width: 1024px) 100vw, 1024px"></a>
 <figcaption id="caption-attachment-42547" class="wp-caption-text">
  Greeks.live
 </figcaption>
</figure> 
<p>When the&nbsp;<a href="https://crypto.ro/en/news/bitcoin-above-63k-following-todays-cpi-report/">CPI report</a> was released earlier this week, showing a drop in the US inflation to 3.4%, the options market <a href="https://crypto.ro/en/news/bitcoin-above-64k-as-options-market-reacted-to-cpi-report/">reacted strongly</a>&nbsp;and the inflation data was well-received.</p> 
<p>Despite the fact that the results were in line with the expectations, the crypto market showed important volatility.</p> 
<h2 id="btc-above-65k">BTC above $65k</h2> 
<p>At the moment of writing this article, BTC is trading at over $65,500. Yesterday, the coin recorded a drop in price below the important level of $65,000, followed by a bounce back above the mark.</p> 
<div class="cryptoboxes " data-realtime="on">
 <div class="coinmc-chart coinmc-trigger">
  <div class="cmc-row middle-md between-md">
   <div class="cmc-md-7 cmc-sm-12 cmc-xs-12">
    <ul class="coinmc-filter coinmc-chart-period">
     <li>
      <div class="coinmc-filter-label">
       Zoom
      </div></li>
     <li>
      <div class="coinmc-filter-button" data-period="hour">
       Hour
      </div></li>
     <li>
      <div class="coinmc-filter-button" data-period="day">
       Day
      </div></li>
     <li>
      <div class="coinmc-filter-button" data-period="week">
       Week
      </div></li>
     <li>
      <div class="coinmc-filter-button active" data-period="month">
       Month
      </div></li>
     <li>
      <div class="coinmc-filter-button" data-period="year">
       Year
      </div></li>
     <li>
      <div class="coinmc-filter-button" data-period="all">
       All Time
      </div></li>
    </ul>
   </div>
   <div class="cmc-md-5 cmc-sm-12 cmc-xs-12 end-md start-sm start-xs">
    <ul class="coinmc-filter coinmc-chart-type">
     <li>
      <div class="coinmc-filter-label">
       Type
      </div></li>
     <li>
      <div class="coinmc-filter-button active" data-type="chart">
       <i class="fas fa-chart-line"></i> Line Chart
      </div></li>
     <li>
      <div class="coinmc-filter-button" data-type="candlestick">
       <i class="fas fa-sliders-h"></i> Candlestick
      </div></li>
    </ul>
   </div>
  </div>
  <div class="cmc-row">
   <div class="cmc-md-12">
    <div class="chart-wrapper" data-config="{&quot;type&quot;:&quot;chart&quot;,&quot;coin&quot;:&quot;bitcoin&quot;,&quot;symbol&quot;:&quot;BTC&quot;,&quot;currency&quot;:&quot;USD&quot;,&quot;period&quot;:&quot;month&quot;,&quot;theme&quot;:&quot;light&quot;,&quot;smooth&quot;:true,&quot;areaColor&quot;:&quot;rgb(37,179,98, 0.8)&quot;,&quot;font&quot;:&quot;Saira&quot;,&quot;rate&quot;:1}"></div>
   </div>
  </div>
 </div>
</div> 
<p>BTC’s value experienced a slight dip, moving from $66,000 after the Wall Street market <a href="https://crypto.ro/en/news/btc-price-dips-below-66k-u-s-employment-figures-unfazed-by-bitcoins-decline/">opened</a> on May 16.</p> 
<p>This occurred while new macroeconomic data from the United States seemed to strengthen the case for cryptocurrency bulls.</p> 
<p>However, despite a softer U.S. CPI inflation report, investors seem to be prepared to pay a premium for short-term downside protection. This information comes from an analysis of CME options on <a href="https://crypto.ro/en/news/bitcoin-options-experts-foresee-imminent-price-correction-analysts-report/">Bitcoin futures</a> conducted by CF Benchmarks.</p> 
<p>The analysts noted that even though&nbsp;<a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">Bitcoin</a>&nbsp;experienced a surge above the $66,000 mark following the softer inflation print, there is still “higher implied volatility for OTM puts compared to calls.”</p>

18k Bitcoin Options And 320k Ethereum Options Expire Today

Table of Contents

crypto.ro global

Other articles published on May 17, 2024

Bitcoin Enthusiasts Swarm to Meme Coins Raboo and BONK, Eyeing Huge Market Potential

Navigating market trends with Solana, Ethereum, and Borroe Finance

Mining firms consider Potentially the Middle East as a new growth area

NVIDIA-Backed CoreWeave Raises $7.5B From BlackRock & Others Amid AI Push

Reddit Partners with OpenAI to Introduce AI-Powered Features

Altcoins a ‘relatively huge’ risk as days of big returns are gone, say analysts

Join our free newsletter for daily crypto updates!