Ethereum

Bitcoin

Time

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>18,000 Bitcoin options and 360k Ethereum options expired today.</li> 
 <li>BTC is trading above $71k, and ETH is priced above $3,800.</li> 
</ul> 
<p>The latest data coming from Greeks.live <a href="https://x.com/GreeksLive/status/1798942765109448776" rel="nofollow" target="_blank">reveals</a> that today, June 7, 18,000 Bitcoin options expired with a Put Call Ratio of 0.67, a Maxpain point of $70,000, and a notional value of $1.25 billion.</p> 
<p>Also, 260,000 Ethereum options expired today with a Put Call Ratio of 0.64, a Maxpain point of $3,650, and a notional value of $1 billion.</p> 
<p><a href="https://x.com/GreeksLive/status/1798942765109448776/photo/1" rel="nofollow" target="_blank"><img loading="lazy" decoding="async" class="alignnone" src="https://pbs.twimg.com/media/GPcg5tyaoAAXgoA?format=jpg&amp;name=4096x4096" alt="" width="2145" height="1135" title="18k Bitcoin Options And 260k Ethereum Options Expired Today 12"></a></p> 
<p>The notes also mentioned that with the BOC and the ECB initiating interest rate cuts this week, and the market performing better, we have a two-wheel drive of BTC ETFs and ETH ETFs with a more optimistic market atmosphere as macro and news diverge significantly.</p> 
<p>The same reports noted that now BTC’s major term IV is around 50%, and ETH’s major term IV is around 55%. Both of them have fallen to a reasonable level and last week’s mention of selling ETH and buying BTC to make cross-currency IV spreads can be profitably closed.</p> 
<p>Greeks.live also predicts that this month’s Bitcoin market probability will be strongly correlated with the macro news of the Fed’s interest rate cut while the ETH trend is mainly affected by the news of ETH ETF approval and the upcoming launch of the crypto products.</p> 
<h2 id="bitcoin-trades-above-71-000-and-ethereum-above-3-800">Bitcoin trades above $71,000, and Ethereum above $3,800</h2> 
<p>When writing this article, BTC is trading above the important level of $71,000, trying to consolidate above the mark.</p> 
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<p>The coin remains surrounded by optimistic predicitons, even if some crypto traders expressed their disappointment that BTC’s price fails to go beyond these levels along with more influx days in<a href="https://crypto.ro/en/news/bitcoin-above-71k-as-btc-etfs-record-218m-inflows-with-blackrock-as-leader/"> Bitcoin ETFs</a>.</p> 
<p>For instance, Robert Kiyosaki and Willy Woo<a href="https://crypto.ro/en/news/robert-kiyosakis-350k-bitcoin-prediction-for-2024-explained-by-willy-woo/"> addressed the probability</a> of BTC reaching $350,000 in 2024.</p> 
<p>Ethereum is currently priced above the important level of $3,800.</p> 
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<p>Ethereum’s price is also surrounded by optimistic predicitons especially due to the upcoming launch of ETH ETF products that is expected for this month.</p> 
<p>Recent reports revealed that according to new data coming from K33 Research, <a href="https://crypto.ro/en/news/ethereum-etfs-could-attract-up-to-4-8b-inflows-in-5-months-post-launch/">ETH ETFs</a> could attract up to $4.8 billion in inflows in the first five months post-launch.</p>

18k Bitcoin Options And 260k Ethereum Options Expired Today

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