Ethereum

Bitcoin

Impact

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-and-ethereum-options-expire-3" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Options Expire</a><br></p>
<p style="text-align: justify">On May 24, approximately $2.7 billion in <a href="https://en.bitcoinhaber.net/bitcoin-and-ethereum-options-expire" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> and Ethereum options will expire, providing critical insights into the sentiment of the cryptocurrency <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market</a>. According to a report by Greeks.live, 21,000 Bitcoin options are set to expire, featuring a put/call ratio of 0.88, which reflects a near-equal distribution between buyers and sellers with a slight preference towards call options.</p>
<h2 id="futures-market-impact">Futures Market Impact</h2>
<p style="text-align: justify">The maximum liquidation point, where most option buyers would incur losses, is at $67,000, with a nominal value of $1.4 billion. However, this expiration event is overshadowed by a larger event on May 31, when $4.3 billion worth of options are set to expire, as reported by Deribit. Deribit <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data shows</a> that open interest is predominantly controlled by long positions, with $830 million tied to the $70,000 strike price.</p>
<h2 id="why-is-ethereum-attracting-attention">Why is Ethereum Attracting Attention?</h2>
<p style="text-align: justify">Moreover, the $100,000 strike price has substantial open interest amounting to $843 million, indicating strong bullish sentiment among traders. A significant open interest of $388 million at the $60,000 strike price suggests many put contracts remain unresolved, illustrating the market’s confidence in higher Bitcoin prices.</p>
<p style="text-align: justify">The expiration event also includes 350,000 Ethereum contracts worth $1.3 billion. The put/call ratio of 0.58 and a maximum liquidation point of $3,200 suggest a slightly bullish outlook, with more call options expiring than put options. Recently, Ethereum led a crypto rally, spiking 20% in one day due to progress in the ETF application process.</p>
<h2 id="user-usable-inferences">User-Usable Inferences</h2>
<ul style="text-align: justify">
 <li>Bitcoin’s maximum liquidation point is at $67,000, affecting $1.4 billion in options.</li>
 <li>Ethereum’s put/call ratio of 0.58 indicates a bullish sentiment.</li>
 <li>The $70,000 and $100,000 strike prices for Bitcoin have substantial open interest, indicating strong bullish sentiment.</li>
 <li>Ethereum experienced a 20% one-day increase, influenced by ETF application progress.</li>
 <li>May 31 will see a larger options expiration event worth $4.3 billion.</li>
</ul>
<p style="text-align: justify">However, the differences between Bitcoin and Ethereum are becoming more evident. Ethereum’s bullish sentiment has led to higher implied volatility levels, making calendar spreads a potentially better strategy. Conversely, Bitcoin maintains a balanced position between long and short positions, with stronger call-selling power. This divergence underscores the distinct market dynamics of the two leading cryptocurrencies.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-and-ethereum-options-expire-3" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin and Ethereum Options Expire</a></h5>

Bitcoin and Ethereum Options Expire

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